Neimark-Sacker bifurcation for the discrete-delay Kaldor model

We consider a discrete-delay time, Kaldor non-linear business cycle model in income and capital. Given an investment function, resembling the one discussed by Rodano, we use the linear approximation analysis to state the local stability property and local bifurcations, in the parameter space. Finally, we will give some numerical examples to justify the theoretical results.

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Year of publication:	2007
Authors:	Dobrescu, Loretti Isabella ; Opris, Dumitru
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	business cycle \| Neimark-Sacker bifurcation \| discrete-delay time

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Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Classification:	C69 - Mathematical Methods and Programming. Other ; C62 - Existence and Stability Conditions of Equilibrium
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005626816