An extended nonlinear Hicks model of the cycle for a semi-open economy: Application to the USA (1960-2008)

Michaelides, P; Belegri-Roboli, A; Arapis, G

dc.contributor.author	Michaelides, P	en
dc.contributor.author	Belegri-Roboli, A	en
dc.contributor.author	Arapis, G	en
dc.date.accessioned	2014-03-01T02:45:57Z
dc.date.available	2014-03-01T02:45:57Z
dc.date.issued	2009	en
dc.identifier.uri	https://dspace.lib.ntua.gr/xmlui/handle/123456789/32482
dc.relation.uri	http://www.scopus.com/inward/record.url?eid=2-s2.0-70350438973&partnerID=40&md5=028be50f1268cbb91c98e0b98d7a28fa	en
dc.relation.uri	http://ieeexplore.ieee.org/xpls/abs_all.jsp?arnumber=5228002	en
dc.relation.uri	http://ieeexplore.ieee.org/stamp/stamp.jsp?arnumber=05228002	en
dc.subject	Dynamics	en
dc.subject	Hicks model	en
dc.subject	Nonlinear	en
dc.subject	US economy	en
dc.subject.other	Hicks model	en
dc.subject.other	Non-linear least squares	en
dc.subject.other	Nonlinear	en
dc.subject.other	Nonlinear changes	en
dc.subject.other	Numerical optimizations	en
dc.subject.other	Real world data	en
dc.subject.other	US economy	en
dc.subject.other	Dynamics	en
dc.subject.other	Investments	en
dc.subject.other	Economics	en
dc.title	An extended nonlinear Hicks model of the cycle for a semi-open economy: Application to the USA (1960-2008)	en
heal.type	conferenceItem	en
heal.identifier.secondary	5228002	en
heal.publicationDate	2009	en
heal.abstract	This paper presents both an extended nonlinear Hicks model of the cycle for a semi-open economy and a method for deriving estimators based on Nonlinear Least Squares as a Numerical Optimization Problem. Hicks thought that fluctuations in investment, caused by nonlinear changes in autonomous investment and the acceleration principle governing induced investment, led to an adjustment process taking place throughout many periods. An empirical application for the US economy (1960-2008), demonstrates the validity of the model and its almost ideal fit to real world data.	en
heal.journalName	Proceedings of 2009 2nd International Workshop on Nonlinear Dynamics and Synchronization, INDS 2009	en
dc.identifier.spage	40	en
dc.identifier.epage	43	en