English, Article edition: LOCAL STABILITY AND BIFURCATIONS IN KALDOR MODEL Roman Binter - Lukáš Vácha

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Physical Description
  • article
Language
  • English

Edition details

Title
  • LOCAL STABILITY AND BIFURCATIONS IN KALDOR MODEL
Author
  • Roman Binter - Lukáš Vácha
Physical Description
  • article
Notes
  • We analyze a discrete version of a simple Kaldor model. As is typical for Kaldor model we consider an S shaped investment function. This leads to either a one or three equilibria of the model. For simplicity reasons we do not consider an S shape saving function as assumed in the original Kaldor paper. This does not affect any analytical conclusions as for presentation of dynamic properties nonlinear investment function is sufficient. Our aim is to study changes in the model dynamics under varying parameters. We study transition between one and two equilibria setup and also each of the set up separately.
  • economic dynamics, bifurcations, Kaldor model
  • RePEc:prg:jnlaop:v:2005:y:2005:i:1:id:123:p:10-20
Language
  • English
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