Neimark-Sacker bifurcation for the discrete-delay Kaldor model

Dobrescu, Loretti Isabella and Opris, Dumitru (2007): Neimark-Sacker bifurcation for the discrete-delay Kaldor model. Forthcoming in: Chaos, Solitons and Fractals

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.

• Item Type: MPRA Paper
• Institution: West University of Timisoara
• Language: English
• Keywords: business cycle; Neimark-Sacker bifurcation; discrete-delay time
• Subjects: C - Mathematical and Quantitative Methods > C6 - Mathematical Methods ; Programming Models ; Mathematical and Simulation Modeling > C69 - Other; C - Mathematical and Quantitative Methods > C6 - Mathematical Methods ; Programming Models ; Mathematical and Simulation Modeling > C62 - Existence and Stability Conditions of Equilibrium

References

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