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EnglishThis article aims at analysing a two-sector economic growth model with discrete delays. The focus is on the dynamic properties of the emerging system. In particular, this study concentrates on the stability properties of the stationary solution, characterised by analytical results and geometrical techniques (stability crossing curves), and the conditions under which oscillatory dynamics emerge (through Hopf bifurcations). In addition, this article proposes some numerical simulations to illustrate the behaviour of the system when the stationary equilibrium is unstable.
| Autori interni: | |
| Autori: | Gori, Luca; Guerrini, Luca; Sodini, Mauro |
| Titolo: | A model of economic growth with physical and human capital: The role of time delays |
| Anno del prodotto: | 2016 |
| Abstract: | This article aims at analysing a two-sector economic growth model with discrete delays. The focus is on the dynamic properties of the emerging system. In particular, this study concentrates on the stability properties of the stationary solution, characterised by analytical results and geometrical techniques (stability crossing curves), and the conditions under which oscillatory dynamics emerge (through Hopf bifurcations). In addition, this article proposes some numerical simulations to illustrate the behaviour of the system when the stationary equilibrium is unstable. |
| Digital Object Identifier (DOI): | 10.1063/1.4963372 |
| Appare nelle tipologie: | 1.1 Articolo in rivista |
File in questo prodotto:
| File | Descrizione | Tipologia | Licenza | |
|---|---|---|---|---|
| Chaos_Post_Print.pdf | Documento in Post-print | Tutti i diritti riservati (All rights reserved) | Open AccessVisualizza/Apri | |
| Gori, Guerrini and Sodini 2016 Chaos.pdf | Versione finale editoriale | Tutti i diritti riservati (All rights reserved) | Open AccessVisualizza/Apri |
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