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A study on the complexity of a business cycle model with great excitements in non-resonant condition

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  • Ma, Junhai
  • Cui, Yaqiang
  • Liulixia,

Abstract

Based on the researches of Szydlowski and Krawiec, we studied the inherent complexity of a chaotic business cycle with great excitements in non-resonant condition. First, we got the first-order and second-order approximate solutions of the system by using multiple scale method. Then deduced the formulation reflecting the complex relations between vibration, phase, bifurcation parameter μ and excite frequency Ω of first-order solution. As the great excitement F varied, the global changes of the system solutions were analyzed. We also explored the different paths leading the systems with different parameter combinations into catastrophe region, fuzzy region or chaos region. Finally, we discussed the evolution trends of business cycle models under the above-mentioned conditions. Hence, this paper has some theoretical and practical significance.

Suggested Citation

  • Ma, Junhai & Cui, Yaqiang & Liulixia,, 2009. "A study on the complexity of a business cycle model with great excitements in non-resonant condition," Chaos, Solitons & Fractals, Elsevier, vol. 39(5), pages 2258-2267.
    • Handle: RePEc:eee:chsofr:v:39:y:2009:i:5:p:2258-2267
    DOI: 10.1016/j.chaos.2007.06.098
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    References listed on IDEAS

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    1. Qi, Guoyuan & Du, Shengzhi & Chen, Guanrong & Chen, Zengqiang & yuan, Zhuzhi, 2005. "On a four-dimensional chaotic system," Chaos, Solitons & Fractals, Elsevier, vol. 23(5), pages 1671-1682.
    2. Chian, Abraham C.-L. & Borotto, Felix A. & Rempel, Erico L. & Rogers, Colin, 2005. "Attractor merging crisis in chaotic business cycles," Chaos, Solitons & Fractals, Elsevier, vol. 24(3), pages 869-875.
    3. Qi, Guoyuan & Chen, Guanrong & Du, Shengzhi & Chen, Zengqiang & Yuan, Zhuzhi, 2005. "Analysis of a new chaotic system," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 352(2), pages 295-308.
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    Cited by:

    1. Son, Woo-Sik & Park, Young-Jai, 2011. "Delayed feedback on the dynamical model of a financial system," Chaos, Solitons & Fractals, Elsevier, vol. 44(4), pages 208-217.

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