| Brock, W.A. (1991), Understanding Macroeconomic Time Series Using Complex Systems Theory, Structural Change and Economic Dynamics 2, 119--141. |
....and responses will be linear. The function F i can, therefore, be given the following characterization: F i (x) 8 : P P i if x P P i =ff ff Delta x if x 2 [ffi Delta P P i =ff; P P i =ff] fi Delta sin(x) otherwise This model, a kind of coupled partial difference equations ([12]) can not be handled analytically. Therefore it has to be simulated giving values to its parameters, obtaining through a very simple numerical integration the desired trajectories. For this model we chose the following parameter values: ffl n the number of sectors ffl ; ff; fi; ffi; ffl fk ....
Brock,W. Understanding Macroeconomic Time Series using Complex System Theory, Structural Change and Economic Dynamics 2(1) 1991.
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Brock, W.A. (1991), Understanding Macroeconomic Time Series Using Complex Systems Theory, Structural Change and Economic Dynamics 2, 119--141.
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