Chaos and Non-Linear Models in Economics: Theory and Applications - Hardcover

9781852787226: Chaos and Non-Linear Models in Economics: Theory and Applications

Hardcover

ISBN 10: 1852787228 ISBN 13: 9781852787226

Publisher: Edward Elgar Publishing, 1994

Non-linear models are increasingly being applied to phenomena that are otherwise very difficult to model such as financial markets, economic growth, agricultural price cycles, business cycles, diffusion processes and overlapping generation models. Chaos and Non-Linear Models in Economics makes important advances in the theory and application of non-linear modelling accessible to advanced students. This volume includes both introductory chapters which review the fundamental theoretical and statistical characteristics of non-linear models and keep the use of mathematics to a minimum - and chapters which introduce more sophisticated techniques.

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About the Author:

Edited by John Creedy, The Truby Williams Professor of Economics, University of Melbourne, Australia and Vance L. Martin, former Associate Professor in Economics, University of Melbourne, Australia

Review:

`Overall, I found this book extremely easy to read. . . . The great strength of the exposition lies in the efforts of all the contributors to present ideas simply and to attempt to relate the various approaches to concrete empirical problems in economic settings. The book should prove invaluable on a range of advanced economics courses which contain a component which deals with non-linear dynamics.' -- John Foster, The Economic Record `This book can attract the attention of readers as well as can probe the minds of readers on what actually constitutes a chaotic process and how it can be captured.' -- Lini R. Nair, Kyklos

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