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Chaotic Synchronization in Economic Networks

Ralph Abraham () and Michael Nivala ()

Department of Economics University of Siena from Department of Economics, University of Siena

Abstract: Synchronization, long an important topic in the theory of nonlinear oscillation, has recently become a research frontier in chaos theory as well. Here we introduce the sync phenomenon for forced and coupled R¨ossler attractors, and its role in the context of complex economic systems. And we extend the basic framework developed by the late Richard Goodwin in his book, Chaotic Economic Dynamics, of 1990 to massively complex dynamical systems of chaotic elements. Recent experimental results and speculative applications to economic networks are presented

Keywords: Chaos theory; Rossler attractor lattice; complex dynamical systems; economic geography; chaos synchronization (search for similar items in EconPapers)
JEL-codes: C3 C6 (search for similar items in EconPapers)
Date: 2017-01
New Economics Papers: this item is included in nep-hme
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Persistent link: https://EconPapers.repec.org/RePEc:usi:wpaper:746

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