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A positive Lyapunov exponent is one practical definition of chaos. We develop a formal test for chaos in a noisy system based on the consistent standard errors of the nonparametric Lyapunov exponent estimators. For international real output series, the hypothesis of the positive Lyapunov...
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A positive Lyapunov exponent is one practical definition of chaos. We develop a formal test for chaos in a noisy system based on the consistent standard errors of the nonparametric Lyapunov exponent estimators. When our procedures are applied to international real output series, the hypothesis...
Persistent link: https://www.econbiz.de/10014129198
differential equations, ordinary and partial, iterated maps, and bifurcation theory. The second part focuses applications to … economics and regional science. Topics such as business cycles, oligopoly, interregional trade, and economic development theory …
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