Bifurcation analysis of a Kaldor-Kalecki model of business cycle with time delay
In this paper, we investigate a Kaldor-Kalecki model of business cycle with delay in both the gross product and the capital stock. Stability analysis for the equilibrium point is carried out. We show that Hopf bifurcation occurs and periodic solutions emerge as the delay crosses some critical values...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
University of Szeged
2009-10-01
|
| Series: | Electronic Journal of Qualitative Theory of Differential Equations |
| Online Access: | http://www.math.u-szeged.hu/ejqtde/periodica.html?periodica=1¶mtipus_ertek=publication¶m_ertek=428 |