Study of Samuelson’s General Model of National Economy and Definition of Asymptotic-Stability Conditions

Athanasios D. Karageorgos and Grigoris I Kalogeropoulos

Journal of Mathematics Research, 2018, vol. 10, issue 5, 129-136

Abstract: In this particular paper we firstly deal with Samuelson’s model of national economy. We create a difference equation which reflects Samuelson’s model for the national income of a country taking into consideration the expenditure and the investments of the two previous years and not only the immediately previous one. Later we find the saddle-point and deal with its stability giving conditions concerning the coefficient of the difference equation and which are able (sufficient) and necessary in order for the saddle-point to be stable.

Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.ccsenet.org/journal/index.php/jmr/article/download/0/0/36776/36811 (application/pdf)
http://www.ccsenet.org/journal/index.php/jmr/article/view/0/36776 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ibn:jmrjnl:v:10:y:2018:i:5:p:129

Access Statistics for this article

More articles in Journal of Mathematics Research from Canadian Center of Science and Education Contact information at EDIRC.
Bibliographic data for series maintained by Canadian Center of Science and Education ().