Published June 2011
| public
Journal Article
Economic intermittency in a two-country model of business cycles coupled by investment
- Creators
- Saiki, Y.
- Chian, A. C. L.
- Yoshida, H.
Abstract
Intermittent behavior of economic dynamics is investigated by a two-country model of Keynes–Goodwin type business cycles. Numerical simulations show that after an economic system evolves from weak chaos to strong chaos the system keeps its memory before the transition and its time series alternates episodically between periods of weakly and strongly chaotic fluctuations. In addition, we examine the intermittent phenomena from the view point of business cycle patterns near the crisis point.
Additional Information
© 2011 Elsevier Ltd. Received 27 March 2010; accepted 20 February 2011. Available online 6 May 2011. This work is partly supported by the 21st Century COE Program 'Integrative Mathematical Sciences' at Keio University, the Grant-in-Aid for JSPS fellows (194048) and incentive system for young researchers of Academic Center for Computing and Media Studies, Kyoto University in Japan, and CNPq and FAPESP in Brazil. A.C.-L. Chian acknowledges the award of a Guggenheim Fellowship and the hospitality of Caltech.Additional details
- Eprint ID
- 24529
- Resolver ID
- CaltechAUTHORS:20110725-113250295
- Keio University 21st Century COE Program
- 194048
- Japan Society for the Promotion of Science (JSPS) Grant-in-Aid
- CNPq
- FAPESP (Brazil)
- Guggenheim Fellowship
- Kyoto University Academic Center for Computing and Media Studies
- Created
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2011-07-25Created from EPrint's datestamp field
- Updated
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2021-11-09Created from EPrint's last_modified field