An alternative visualization of business cycles in chaos
Document Type
Article
Publication Date
1-1-2010
Abstract
This paper suggests the application of multi-dimensional graphs in the study of business cycles in the context of chaos theory. The alternative multidimensional graphic method used is known as the Kite-Cartesian space (Ruiz, 2006). The Kite-Cartesian space is an alternative analytical tool for observing changes in the behavior of business cycles from a multi-dimensional perspective. We apply the Kite-Cartesian analysis to assess U.S. business cycles from 1940 to 2005 by trimester. The Kite-Cartesian approach provides optical "snapshots" of the national income make-up at any one point in time, thus revolutionizing existing methods of visualization.
Keywords
Econographicology, Macroeconomics, Economic Modeling
Divisions
FacultyofEconomicsAdministration
Publication Title
International Journal of Economic Research
Volume
7
Issue
1
Publisher
International Union of Crystallography
Publisher Location
COMMERCE PLACE, 350 MAIN ST, MALDEN 02148, MA USA