| Empirical Evidence about Chinese Macroeconomic Chaos |
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| 作者姓名： | CAO Liangyue ZHAO Hanzhang WU Shijing DENG Shuhui Institute of Systems Science Academia Sinica |
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| 作者单位： | CAO Liangyue ZHAO Hanzhang WU Shijing DENG Shuhui Institute of Systems Science，Academia Sinica |
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| 基金项目： | A project supported by National Natural Science Foundation of China |
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| 摘 要： | In this paper,we apply techniques in dynamics to search for empiricalevidence of chaos in Chinese macroeconomic time series.We test national financial expenditure(including foreign loans)and obtain that its correlation dimension is about 2.10 and its Lyapunovexponent is positive.So national financial expenditure(including foreign loans)is chaotic andpossesses low dimensional strange attractor.Moreover,at least four variables are needed todescribe its potentially dynamical behaviors.
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Empirical Evidence about Chinese Macroeconomic Chaos |
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| CAO Liangyue ZHAO Hanzhang WU Shijing DENG Shuhui Institute of Systems Science,Academia Sinica.Empirical Evidence about Chinese Macroeconomic Chaos[J].Journal of Systems Science and Systems Engineering,1993(1). |
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| Authors: | CAO Liangyue ZHAO Hanzhang WU Shijing DENG Shuhui Institute of Systems Science Academia Sinica |
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| Abstract: | In this paper, we apply the techniques in nonlinear dynamics to search for empirical evidence of chaos in Chinese macroeconomic time series. We test national financial expenditure (including foreign loans) and obtain that its correlation dimension is about 2.10 and its Lyapunov exponent is positive. So national financial expenditure (including foreign loans) is chaotic and possesses low dimensional strange attractor. Moreover, at least four variables are needed to describe its potentially dynamical behaviors. |
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| Keywords: | chaos correlation dimension Lyapunov exponent |
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