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Neimark-Sacker bifurcation for the discrete-delay Kaldor model

Loretti Dobrescu and Dumitru Opris

MPRA Paper from University Library of Munich, Germany

Abstract: 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.

Keywords: business cycle; Neimark-Sacker bifurcation; discrete-delay time (search for similar items in EconPapers)
JEL-codes: C62 C69 (search for similar items in EconPapers)
Date: 2007
New Economics Papers: this item is included in nep-mac and nep-pke
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Related works:
Journal Article: Neimark–Sacker bifurcation for the discrete-delay Kaldor model (2009) Downloads
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