Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
4627446 | Applied Mathematics and Computation | 2014 | 9 Pages |
Abstract
This article studies the dynamics in a simple dual model where agents may shift from the traditional sector to the manufacturing one. We show that a delay between the exit from the traditional sector and the possibility to be employed in the manufacturing one is a source of endogenous fluctuations. In particular, by choosing time delay as the bifurcation parameter, it is proved that the system may lose stability and a supercritical Hopf bifurcation occurs when time delay passes through a critical value.
Keywords
Related Topics
Physical Sciences and Engineering
Mathematics
Applied Mathematics
Authors
Luca Guerrini, Mauro Sodini,