Author(s):
Gracio, Clara 
; Januario, Cristina ; Ramos, José Sousa
Date: 2006
Persistent ID: http://hdl.handle.net/10174/6749
Origin: Repositório Científico da Universidade de Évora
Subject(s): econofísica
Document details
Chaotic behavior in an economic model
Description
The purpose of this work is to study a discrete-time nonlinear business cycle model of the Kaldor-type. The model is an extended Kaldor model and it is described by a two-dimensional dynamical system with income and capital as variables. We check the orbits of the system, their changes related to changes of the system parameters and their basins of attraction in order to understand the dynamic features of the model.
The purpose of this work is to study a discrete-time nonlinear business cycle model of the Kaldor-type. The model is an extended Kaldor model and it is described by a two-dimensional dynamical system with income and capital as variables. We check the orbits of the system, their changes related to changes of the system parameters and their basins of attraction in order to understand the dynamic features of the model.
Document Type
Article
Language English
Language English
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