A Disequilibrium Macrodynamic Model of Fluctuations

A nonlinear disequilibrium macrodynamic model of ?uctuations in the labour and product markets, mediated by variations in factor shares, is developed and the exis- tence of a periodic orbit is proved using the Hopf bifurcation theore

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Year of publication:	2004
Authors:	Velupillai, K. Vela
Institutions:	Department of Economics, National University of Ireland
Subject:	Disequilibrium Macrodynamics \| Macroeconomic Fluctuations \| Non- linear Macrodynamics \| Hopf Bifurcation

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Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	Number 0081
Classification:	C61 - Optimization Techniques; Programming Models; Dynamic Analysis ; E10 - General Aggregative Models. General ; E32 - Business Fluctuations; Cycles
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008543388