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This paper presents a formal stability analysis of a simplified Kondratieff wave model. For normal parameter values the model has a single unstable equilibrium point which, combined with nonlinear constraints in the model's table functions, creates a characteristic limit cycle behavior. For other parameter values, the model generates damped oscillations instead of the limit cycle or overwhelms the nonlinear constraints and exhibits sustained exponential growth or total collapse.
System Dynamics Review – Wiley
Published: Jun 1, 1985
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