Athanasios Girgolas, C. Volos, A. Giakoumis, S. Stavrinides, T. Karakasidis, I. Stouboulos
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Emulating a Chaotic Economic Model By Using A Microcontroller
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.