Neimark–Sacker bifurcation for the discrete-delay Kaldor model |
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| Authors: | Loretti I Dobrescu Dumitru Opris |
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| Institution: | aUniversity of Padua, Department of Economics, 33 via Del Santo, Padua 35123, Italy;bWest University of Timisoara, Department of Applied Mathematics, Bd. V. Parvan, Nr. 4, Timisoara 300223, Romania |
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| Abstract: | We consider a discrete-delay time, Kaldor nonlinear 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. |
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