Chaos in Lebanese GDP: The Lorenz Attractor Approach

Jean-François Verne () and Carole Doueiry Verne ()
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Jean-François Verne: Université Saint-Joseph de Beyrouth, Faculté de Sciences Economiques
Carole Doueiry Verne: Université Saint-Joseph de Beyrouth, Faculté de Gestion et de Management

Economics Bulletin, 2019, vol. 39, issue 3, 1958-1967

Abstract: In this paper we will refer to the chaos theory to analyze the evolution of Lebanese GDP growth rate. We use macroeconomic series as GDP, household consumption expenditure and investment over the period of 1970-2017 to estimate the coefficients of the differential equations of the Lorenz system. We found that the evolution of the Lebanese GDP growth looks like a strange attractor generated by chaotic dynamic.

Keywords: Chaos; Macroeconomic model, GDP Growth Rate. (search for similar items in EconPapers)
JEL-codes: E3 O4 (search for similar items in EconPapers)
Date: 2019-08-27
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Citations: View citations in EconPapers (2)

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