Corpus ID: 211082533

Bifurcations in economic growth model with distributed time delay transformed to ODE

@article{Guerrini2020BifurcationsIE,
  title={Bifurcations in economic growth model with distributed time delay transformed to ODE},
  author={Luca Guerrini and Adam Krawiec and Marek Szydlowski},
  journal={arXiv: Theoretical Economics},
  year={2020}
}
  • Luca Guerrini, Adam Krawiec, Marek Szydlowski
  • Published 2020
  • Mathematics, Economics
  • arXiv: Theoretical Economics
  • We consider the model of economic growth with time delayed investment function. Assuming the investment is time distributed we can use the linear chain trick technique to transform delay differential equation system to equivalent system of ordinary differential system (ODE). The time delay parameter is a mean time delay of gamma distribution. We reduce the system with distribution delay to both three and four-dimensional ODEs. We study the Hopf bifurcation in these systems with respect to two… CONTINUE READING

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