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Bifurcations and chaotic behavior in a simple model of the economic long wave

Bifurcations and chaotic behavior in a simple model of the economic long wave 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. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png System Dynamics Review Wiley

Bifurcations and chaotic behavior in a simple model of the economic long wave

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References (72)

Publisher
Wiley
Copyright
Copyright © 1985 Wiley Subscription Services, Inc., A Wiley Company
ISSN
0883-7066
eISSN
1099-1727
DOI
10.1002/sdr.4260010108
Publisher site
See Article on Publisher Site

Abstract

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.

Journal

System Dynamics ReviewWiley

Published: Jun 1, 1985

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