A Disequilibrium Macrodynamic Model of Fluctuations

K. Vela Velupillai
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K. Vela Velupillai: Department of Economics, National University of Ireland, Galway

No 81, Working Papers from National University of Ireland Galway, Department of Economics

Abstract: A nonlinear disequilibrium macrodynamic model of ?uctuations in the labour and product markets, mediated by variations in factor shares, is developed and the exis- tence of a periodic orbit is proved using the Hopf bifurcation theore

Keywords: Disequilibrium Macrodynamics; Macroeconomic Fluctuations; Non- linear Macrodynamics; Hopf Bifurcation (search for similar items in EconPapers)
JEL-codes: C61 E10 E32 (search for similar items in EconPapers)
Date: 2004, Revised 2004
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Journal Article: A disequilibrium macrodynamic model of fluctuations (2006)
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