Chaos in GDP

R. Kříž

Abstract


This paper presents an analysis of GDP and finds chaos in GDP. I tried to find a nonlinear lower-dimensional discrete dynamic macroeconomic model that would characterize GDP. This model is represented by a set of differential equations. I have used the Mathematica and MS Excel programs for the analysis.

Keywords


macroeconomic modeling; gross domestic product; chaos theory

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This work is licensed under a Creative Commons Attribution 4.0 International License.

ISSN 1210-2709 (Print)
ISSN 1805-2363 (Online)
Published by the Czech Technical University in Prague