Athanasios Girgolas, C. Volos, A. Giakoumis, S. Stavrinides, T. Karakasidis, I. Stouboulos
{"title":"Emulating a Chaotic Economic Model By Using A Microcontroller","authors":"Athanasios Girgolas, C. Volos, A. Giakoumis, S. Stavrinides, T. Karakasidis, I. Stouboulos","doi":"10.1109/MOCAST52088.2021.9493371","DOIUrl":null,"url":null,"abstract":"In this work, for the first time a macroeconomic model has been emulated using a microcontroller-based device, considering as case study the Greek economic crises of period 2010-2019. With the use of well-known tools from nonlinear theory, such as phase portrait, bifurcation diagram, Poincaré map and Lyapunov exponents, interesting phenomena have been revealed. More precisely, the period-doubling route to chaos, crisis phenomena and coexistence of attractors have been presented in detail.","PeriodicalId":146990,"journal":{"name":"2021 10th International Conference on Modern Circuits and Systems Technologies (MOCAST)","volume":"92 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2021-07-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"2021 10th International Conference on Modern Circuits and Systems Technologies (MOCAST)","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1109/MOCAST52088.2021.9493371","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 0
Abstract
In this work, for the first time a macroeconomic model has been emulated using a microcontroller-based device, considering as case study the Greek economic crises of period 2010-2019. With the use of well-known tools from nonlinear theory, such as phase portrait, bifurcation diagram, Poincaré map and Lyapunov exponents, interesting phenomena have been revealed. More precisely, the period-doubling route to chaos, crisis phenomena and coexistence of attractors have been presented in detail.
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