Nonlinear dynamical analysis and demonstration on Chinese business cycle

作者：Yan, Huiyun^*; Shi, Yimin

来源：Applied Mathematics and Computation, 2011, 218(5): 1547-1552.

DOI：10.1016/j.amc.2011.06.026

• Business cycle
• Parameter estimation
• Bifurcation
• Chaos

This paper is devoted to the study of a generalized Chinese business cycle by nonlinear dynamical method. Firstly, we establish a Chinese economic cycle model based on Goodwin model, and then discuss the point estimation and confidence interval of the model's parameter values based on the historical data. At last, we study the bifurcation and chaotic behavior of the model. The results show that the marginal consumption has great influence on the development of Chinese economic. The Chinese economic development will run into the stable periodic wave when the marginal consumer is greater than 0.5. Furthermore, the greater the marginal consumption is, the more stable the economic development is.

• 出版日期2011-11-1
• 单位西北工业大学