Directory UMM :Data Elmu:jurnal:J-a:Journal Of Economic Dynamics And Control:Vol24.Issue5-7.Jul2000:
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six sections: Section I: Invited contributions; Section II: Heterogeneous agents; Section III: Local and global bifurcations in 2-D systems; Section IV: Macro dynamics; Section
Using the BDS and the NEGM tests, and 15-s, 1-min and 5-min returns (from September 1 to November 30, 1991), they reject the hypothesis of independence in favor of a nonlinear
In this paper we show how the global dynamics of an economic model can be analyzed by the study of some global bifurcations that change the shape of the chaotic attractors and
Using a singular perturbation technique, we have derived conditions under which topological chaos occurs due to transverse homoclinic orbits to the golden rule steady state when
Although it is true that a correctly speci"ed neural network might be able to learn rational expectations even in more general models, the analysis of the reduced form considered
Several implications for the empirical testing of the relationship between risk and return come from the dynamic nature of this study. In Section 4, we have shown that the intercept
Once the grid had been constructed then the same interpolation routines used to interpolate the value function grids during the construction pro- cedure could be used to interpolate
for every initial resource stock a critical level of debt, below which debt may be steered to zero but above which debt tends to in " nity, no matter how the rate of extraction
