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Oscillatory dynamics of GDP components

Ionut Purica

No 4545, EcoMod2012 from EcoMod

Abstract: GDP and its components’ evolution show an oscillatory behavior. As an alternative approach to classical cyclic behavior producing models, the paper analyses this behavior both by Fourier transforms of the data series and by a discussion of the roots configuration of the associated second order differential equations describing the process. Specific cycles are identified that associate with the economic sectors contributing to the generation of GDP. This oscillatory system based approach is providing a complementary way to describe economic behavior dynamics See above See above

Keywords: NA; Modeling: new developments; Miscellaneous (search for similar items in EconPapers)
Date: 2012-07-01
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