Abstract. There has recently been considerable interest in chaotic dynamics in a variety of disciplines. This paper introduces and then surveys some of the associated literature and techniques. Applications to economic theory are discussed but the primary focus is on empirical applicability. In addition to surveying the literature we also provide an example of the use of these techniques in economics. We conclude by highlighting the importance of the techniques for empirical work as well as considering their context in econometric methodology.
|Original language||English (US)|
|Number of pages||31|
|Journal||Journal of Economic Surveys|
|State||Published - Jun 1988|
- correlation dimension
- martingale hypothesis
- nonlinear dynamics