Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
1889085 | Chaos, Solitons & Fractals | 2009 | 9 Pages |
Abstract
The present work will focus on a Kaldor–Kalecki nonlinear business cycle model in income and capital, with discrete time and delay argument characteristics. What it will state, considering an investment function similar to the one proposed by Rodano and using the linear approximation analysis, are the local stability property and local bifurcations conditions, given the parameter space. Numerical examples will be given in the end, to support the theoretical results obtained.
Related Topics
Physical Sciences and Engineering
Physics and Astronomy
Statistical and Nonlinear Physics
Authors
Loretti I. Dobrescu, Dumitru Opris,