Chapter 25 Exploring the Intersection of Chemistry and Economic: The Emergence of Econochemistry
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Mario Arturo Ruiz Estrada
Abstract
This research purposes, a new area of research in economics, it is called Econochemistry. Econochemistry is using models and experiments from chemistry in economics. This new research field in economics can help to understand complex and dynamic economic phenomena from a Chemistry point of view. Chemistry offers so much to economics and finance. Hence, we try it to present a simple example about how we can use Chemistry as a powerful analytical and experimental tool to review or simulate unknown economic phenomena from a holistic approach. Therefore, we present the General Economic Bonding Structures Model (GEBS-Model) as a good example to apply in economics. In this case, we focused this model on the Macroeconomics research field.
Abstract
This research purposes, a new area of research in economics, it is called Econochemistry. Econochemistry is using models and experiments from chemistry in economics. This new research field in economics can help to understand complex and dynamic economic phenomena from a Chemistry point of view. Chemistry offers so much to economics and finance. Hence, we try it to present a simple example about how we can use Chemistry as a powerful analytical and experimental tool to review or simulate unknown economic phenomena from a holistic approach. Therefore, we present the General Economic Bonding Structures Model (GEBS-Model) as a good example to apply in economics. In this case, we focused this model on the Macroeconomics research field.
Chapters in this book
- Frontmatter I
- Contents VII
- Foreword XI
- Chapter 1 Econophysics: An Introduction 1
- Chapter 2 Logistic Modelling of Economic Dynamics 13
- Chapter 3 Outlook About the Mathematical Foundation of Creativity in Economy: Monadic Approach and Holistic Role of the Zeta Riemann Function 25
- Chapter 4 The Visualization of the U.S. Economy Under the Application of the EGAP-Helix 57
- Chapter 5 Wealth Distribution Patterns in Different Socio-economic Environments: Data Mining, Estimation and Modelling 61
- Chapter 6 Kinetic Exchange Models of Income and Wealth Distribution: Self Organization and Poverty Level 79
- Chapter 7 Kinetic Monte Carlo Simulations of an Agent-Based Model of Market Dynamics 95
- Chapter 8 Quantifying Economic Dynamics: Unveiling the Formula for Monetary Energy (Em) 109
- Chapter 9 Sociophysics Model of Bubbles with Neural-Stochastic Differential Equations: A Stochastic Inflation Model 125
- Chapter 10 Criticality of the Bitcoin Market 145
- Chapter 11 Decoding Cryptocurrency Vulnerability: Assessing Risk and Factors 171
- Chapter 12 A Quasi-optimal Technique for Rebalancing a Cryptocurrency Wallet 181
- Chapter 13 Price Modelling under Generalized Fractional Brownian Motion 197
- Chapter 14 Simplifying to Improve Reliability of Geometric Brownian Motion Stock Index Forecasts 215
- Chapter 15 Do Economic and Financial Factors Affect Expected S&P 500? 229
- Chapter 16 Predictability of Technical Analysis 239
- Chapter 17 Fractal Regressions: An Econophysics Innovation to Apply in Economics and Finance 261
- Chapter 18 The Menace and Caress of Wave: The Econophysics of Informational Diffusion 277
- Chapter 19 Improving Chaos Control: Implications for Economic Policies 295
- Chapter 20 Of Time and the River: Comovement, Heterogeneity, and Multifractality in a World Lit by Lightning 311
- Chapter 21 Transfer Entropies between Market Stocks 329
- Chapter 22 Multifractal Analysis of Regimes in Financial Markets 341
- Chapter 23 Evidence of Chaos in the Moroccan Stock Market before and during the Covid-19 Pandemic 363
- Chapter 24 Complexity Measure, Kernel Density Estimation, Bandwidth Selection, and the Efficient Market Hypothesis 393
- Chapter 25 Exploring the Intersection of Chemistry and Economic: The Emergence of Econochemistry 411
- Chapter 26 Developing a 3D Printed Prototype for Visualizing Large Development Indicator Performance in Any Country: The Domestic Development Domestic Integrated Structures (DDGIS) 421
- Acknowledgements 435
- List of Contributors 437
- List of Figures 445
- List of Tables 453
- About the Editor 455
- Index 457
Chapters in this book
- Frontmatter I
- Contents VII
- Foreword XI
- Chapter 1 Econophysics: An Introduction 1
- Chapter 2 Logistic Modelling of Economic Dynamics 13
- Chapter 3 Outlook About the Mathematical Foundation of Creativity in Economy: Monadic Approach and Holistic Role of the Zeta Riemann Function 25
- Chapter 4 The Visualization of the U.S. Economy Under the Application of the EGAP-Helix 57
- Chapter 5 Wealth Distribution Patterns in Different Socio-economic Environments: Data Mining, Estimation and Modelling 61
- Chapter 6 Kinetic Exchange Models of Income and Wealth Distribution: Self Organization and Poverty Level 79
- Chapter 7 Kinetic Monte Carlo Simulations of an Agent-Based Model of Market Dynamics 95
- Chapter 8 Quantifying Economic Dynamics: Unveiling the Formula for Monetary Energy (Em) 109
- Chapter 9 Sociophysics Model of Bubbles with Neural-Stochastic Differential Equations: A Stochastic Inflation Model 125
- Chapter 10 Criticality of the Bitcoin Market 145
- Chapter 11 Decoding Cryptocurrency Vulnerability: Assessing Risk and Factors 171
- Chapter 12 A Quasi-optimal Technique for Rebalancing a Cryptocurrency Wallet 181
- Chapter 13 Price Modelling under Generalized Fractional Brownian Motion 197
- Chapter 14 Simplifying to Improve Reliability of Geometric Brownian Motion Stock Index Forecasts 215
- Chapter 15 Do Economic and Financial Factors Affect Expected S&P 500? 229
- Chapter 16 Predictability of Technical Analysis 239
- Chapter 17 Fractal Regressions: An Econophysics Innovation to Apply in Economics and Finance 261
- Chapter 18 The Menace and Caress of Wave: The Econophysics of Informational Diffusion 277
- Chapter 19 Improving Chaos Control: Implications for Economic Policies 295
- Chapter 20 Of Time and the River: Comovement, Heterogeneity, and Multifractality in a World Lit by Lightning 311
- Chapter 21 Transfer Entropies between Market Stocks 329
- Chapter 22 Multifractal Analysis of Regimes in Financial Markets 341
- Chapter 23 Evidence of Chaos in the Moroccan Stock Market before and during the Covid-19 Pandemic 363
- Chapter 24 Complexity Measure, Kernel Density Estimation, Bandwidth Selection, and the Efficient Market Hypothesis 393
- Chapter 25 Exploring the Intersection of Chemistry and Economic: The Emergence of Econochemistry 411
- Chapter 26 Developing a 3D Printed Prototype for Visualizing Large Development Indicator Performance in Any Country: The Domestic Development Domestic Integrated Structures (DDGIS) 421
- Acknowledgements 435
- List of Contributors 437
- List of Figures 445
- List of Tables 453
- About the Editor 455
- Index 457