Berlin 2008 – wissenschaftliches Programm

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AKSOE: Arbeitskreis Physik sozio-ökonomischer Systeme

AKSOE 13: Poster Session (posters on display 10:00-19:00)

AKSOE 13.13: Poster

Mittwoch, 27. Februar 2008, 17:30–19:00, Poster G

A Chaotic-Dynamic View of Investment Risk in Emerging Economies — •Edgardo Jovero — University of Kent

A Chaotic-Dynamic View of Investment Risk in Emerging Economies by Edgardo Jovero (University of Kent, Canterbury, UK, email: ej34@kent.ac.uk ) Dr. Hans Martin Krolzig (Thesis supervisor) An open-economy neo-Keynesian model is developed which highlights market power and price-setting behavior as a source of the indeterminacy and structural instability characterizing the risk environment in emerging markets. This should explain why countries, which constitute the whole of the emerging economies as a group, provide different country investment risks individually.

MSC (2000) : 91B62 (mathematical economics), 37N40 (complex dynamical systems in optimization problems) PACS code: 89.67.Gh (economics, econophysics) JEL classification: F43 (economic growth of open economies) Keywords: risk, foreign capital, emerging markets, neo-Keynesian economics, Hopf bifurcation