TY - JOUR
T1 - Transition of chaotic motion to a limit cycle by intervention of economic policy
T2 - An empirical analysis in agriculture
AU - Sakai, Kenshi
AU - Managi, Shunsuke
AU - Vitanov, Nikolay K.
AU - Demura, Katsuhiko
PY - 2007/4
Y1 - 2007/4
N2 - This paper investigates the transition of dynamics observed in an actual real agricultural economic dataset. Lyapunov spectrum analysis is conducted on the data to distinguish deterministic chaos and the limit cycle. Chaotic and periodic oscillation were identified before and after the second oil crisis, respectively. The statitonarity of the time series is investigated using recurrence plots. This shows that government intervention might reduce market instability by removing a chaotic market's long-term unpredictability.
AB - This paper investigates the transition of dynamics observed in an actual real agricultural economic dataset. Lyapunov spectrum analysis is conducted on the data to distinguish deterministic chaos and the limit cycle. Chaotic and periodic oscillation were identified before and after the second oil crisis, respectively. The statitonarity of the time series is investigated using recurrence plots. This shows that government intervention might reduce market instability by removing a chaotic market's long-term unpredictability.
UR - http://www.scopus.com/inward/record.url?scp=34249721377&partnerID=8YFLogxK
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M3 - Article
C2 - 17355815
AN - SCOPUS:34249721377
SN - 1090-0578
VL - 11
SP - 253
EP - 265
JO - Nonlinear Dynamics, Psychology, and Life Sciences
JF - Nonlinear Dynamics, Psychology, and Life Sciences
IS - 2
ER -