Hopf bifurcation for the discrete - delay Kaldor - Kalecki model

Loretti Dobrescu and Dumitru Opris ()
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Dumitru Opris: West University of Timisoara

No 67, "Marco Fanno" Working Papers from Dipartimento di Scienze Economiche "Marco Fanno"

Abstract: The present work will focus on a Kaldor - Kalecki non - linear 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.

Keywords: business cycle; Hopf bifurcation; discrete-delay time (search for similar items in EconPapers)
Pages: 14 pages
Date: 2008
New Economics Papers: this item is included in nep-mac and nep-pke
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Persistent link: https://EconPapers.repec.org/RePEc:pad:wpaper:0067

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