Hopf Bifurcation Analysis in a Dalayed Kaldor-Kalecki Model of Business Cycle
In this paper, we analyze the model of business cycle with time delay set forth by A. Krawiec and M. Szydłowski [1]. Our goal in this model is to introduce the time delay into capital stock and gross product in capital accumulation equation. The dynamics are studied in terms of local stability and...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Vilnius University Press
2008-10-01
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| Series: | Nonlinear Analysis |
| Subjects: | |
| Online Access: | http://www.journals.vu.lt/nonlinear-analysis/article/view/14550 |