Neoclassical Growth Model with Two Fixed Delays

公開日:2017.11.30

発行日
2017年09月
概要
 Delay has been considered as one of destabilizing factors in macroeconomic dynamics since the seminal work of Kalecki (1935). In this paper introducing two …fixed delays into the traditional neoclassical growth model, we fi…rst rigorously determine the conditions for which the stability is lost and then numerically confi…rm the analytical results. We add one interesting feature of the delay dynamics. Stability loss and gain repeatedly occur as a delay parameter increases. This implies that the delay is not only a destabilizer but also a stabilizer.
キーワード

Two …fixed delays

Stability crossing curve

Hopf bifurcation

Neoclassical growth model

文献等

掲載誌名・書名:

IERCU Discussion Paper, No.285

公開者・出版社:

経済研究所

種類
紀要
言語
英語
権利情報
この資料の著作権は、資料の著作者または学校法人中央大学に帰属します。著作権法が定める私的利用・引用を超える使用を希望される場合には、掲載誌発行部局へお問い合わせください。

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