Dimensionless Form for Goodwin's Equation of Business Cycle

被引:3
作者
Antonova, A. O. [1 ]
Reznik, S. N. [2 ]
Todorov, M. D. [3 ]
机构
[1] Natl Aviat Univ, 1 Kosmonauvta Komarova Ave, UA-03058 Kiev, Ukraine
[2] Natl Acad Sci Ukraine, Inst Nucl Res, UA-03680 Kiev, Ukraine
[3] Tech Univ Sofia, Fac Appl Math & Comp Sci, BG-1000 Sofia, Bulgaria
来源
APPLICATION OF MATHEMATICS IN TECHNICAL AND NATURAL SCIENCES | 2012年 / 1487卷
关键词
Business cycle; neutral delay equation; limit cycle; sawtooth oscillation; NONLINEAR ACCELERATOR; MODEL;
D O I
10.1063/1.4758955
中图分类号
O29 [应用数学];
学科分类号
070104 ;
摘要
We have conducted numerically a comparative analysis of two models of the business cycle proposed by R. Goodwin, Econometrica, 19, 1-17 (1951): in form of the neutral differential equation with fixed delay and in form of the second order nonlinear ordinary differential equation. Both models demonstrate the possibility of oscillations of income (so-called Goodwin's oscillations). We have shown that for these models the excitation conditions for Goodwin's oscillations and the some its properties may be very different.
引用
收藏
页码:168 / 175
页数:8
相关论文
共 8 条
[1]  
Antonova AO, 2010, AIP CONF PROC, V1301, P188, DOI 10.1063/1.3526614
[2]  
Dharmaraj N., 2011, DISCUSSION PAPER SER, P11
[3]   THE NONLINEAR ACCELERATOR AND THE PERSISTENCE OF BUSINESS CYCLES [J].
Goodwin, R. M. .
ECONOMETRICA, 1951, 19 (01) :1-17
[4]  
Matsumoto A., 2008, MATH EC DYNAMICS CAP, P15
[5]   Note on Goodwin's 1951 nonlinear accelerator model with an investment delay [J].
Matsumoto, Akio .
JOURNAL OF ECONOMIC DYNAMICS & CONTROL, 2009, 33 (04) :832-842
[6]   The business cycle model with a unique stable limit cycle [J].
Sasakura, K .
JOURNAL OF ECONOMIC DYNAMICS & CONTROL, 1996, 20 (9-10) :1763-1773
[7]  
Sordi S., 2003, THEORY EC GROWTH CLA, P286
[8]   GOODWIN'S NONLINEAR THEORY OF THE BUSINESS CYCLE: AN ELECTRO-ANALOG SOLUTION [J].
Strotz, R. H. ;
McAnulty, J. C. ;
Naines, J. B., Jr. .
ECONOMETRICA, 1953, 21 (03) :390-411