research
Neimark-Sacker bifurcation for the discrete-delay Kaldor model
- Publication date
- Publisher
Abstract
We consider a discrete-delay time, Kaldor non-linear 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.business cycle; Neimark-Sacker bifurcation; discrete-delay time