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Capital accumulation for production in a dynamic spatial monopoly

✍ Scribed by L. Lambertini

Publisher
Springer US
Year
2009
Tongue
English
Weight
166 KB
Volume
161
Category
Article
ISSN
1573-8795

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πŸ“œ SIMILAR VOLUMES

A dynamic IS-LM business cycle model wit
A dynamic IS-LM business cycle model with two time delays in capital accumulation equation
✍ Lujun Zhou; Yaqiong Li πŸ“‚ Article πŸ“… 2009 πŸ› Elsevier Science 🌐 English βš– 449 KB

In this paper, we analyze a augmented IS-LM business cycle model with the capital accumulation equation that two time delays are considered in investment processes according to Kalecki's idea. Applying stability switch criteria and Hopf bifurcation theory, we prove that time delays cause the equilib