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We study the bifurcation structure of the parameter space of a 1D continuous piecewise linear bimodal map which describes dynamics of a business cycle model introduced by Day-Shafer. In particular, we obtain the analytical expression of the boundaries of several periodicity regions associated...
Persistent link: https://www.econbiz.de/10010761798
We show that cyclic and chaotic dynamics may emerge in a Kaldor-Pasinetti growth model with different saving propensities, Leontief technology and logistic labor force growth rate.
Persistent link: https://www.econbiz.de/10010842839