Bifurcation Analysis of Zellner's Marshallian Macroeconomic Model

The Marshallian Macroeconomic Model in Zellner and Israilevich (2005) provides a novel way to examine sectoral dynamics through the introduction of a dynamic entry/exit equation in addition to the usual demand and supply functions found in models of this class. In this paper we examine the possibility of cyclical behavior in the Marshallian Macroeconomic Model and investigate the existence of a Hopf bifurcation with respect to the parameter in the entry/exit equation

MoreLess

Year of publication:	2011
Authors:	Banerjee, Sanjibani
Other Persons:	Barnett, William A. (contributor) ; Duzhak, Evgeniya A. (contributor) ; Gopalan, Ramu (contributor)
Publisher:	[2011]: [S.l.] : SSRN
Subject:	Makroökonomik \| Macroeconomics \| Theorie \| Theory \| Makroökonometrie \| Macroeconometrics

Extent:	1 Online-Ressource (16 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Journal of Economic Dynamics and Control, Forthcoming Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments April 3, 2011 erstellt
Classification:	C61 - Optimization Techniques; Programming Models; Dynamic Analysis ; C62 - Existence and Stability Conditions of Equilibrium ; E32 - Business Fluctuations; Cycles ; L16 - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure; Industrial Price Indices
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013127270