Lecture Notes in Economics and Mathematical Systems

Chiarella, Carl

Elements of a Nonlinear Theory of Economic Dynamics provides both a framework and a survey of its needs. First, principle results and techniques of the theory relevant to applications in dynamic economics are discussed, then their application in view of older endogenous cycle theories are considered in a unified mathematical framework. Models incorporating the government budget constraint and the Goodwin model are analysed using the method of averaging and the centre manifold theory. The dynamic instability problem is solved by placing models in a nonlinear framework.

Details

Published by: Springer

Publication Date: 1990-05-22

Format: Paperback

ISBN-13: 9783540526223

DOI: 10.1007/978-3-642-46707-3

Dimensions: 244cm x170cm

Pages: 149