Abstract
The author's decomposition method for the solution of complex dynamical systems is applied to a national economy. The mathematical description may involve coupled nonlinear stochastic multidimensional (discrete or continuous) operator equations. The theory is very general and will apply if the model is changed to use different nonlinear forms, e.g., for taxes as a function of income, or different statistics for fluctuations (which need not be stationary or Gaussian or small), or, to include retarded effects. The model offers a significant potential for realistic solutions of very complex models and may point the way to new economic understandings from solutions of more realistic models.
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More From: Dynamic Modelling and Control of National Economies 1983
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