Filters








27 Hits in 6.7 sec

Dynamic Analysis for a Kaldor–Kalecki Model of Business Cycle with Time Delay and Diffusion Effect

Wenjie Hu, Hua Zhao, Tao Dong
2018 Complexity  
The dynamics behaviors of KaldorKalecki business cycle model with diffusion effect and time delay under the Neumann boundary conditions are investigated.  ...  Then, we find that the time delay can give rise to the Hopf bifurcation when the time delay passes a critical value.  ...  By incorporate diffusion effect into the Kaldor-Kalecki model of business cycle, a novel Kaldor-Kalecki model of business cycle with diffusion effect and time delay is proposed.  ... 
doi:10.1155/2018/1263602 fatcat:b37rhm2k35ax7cm6x6i3j5lpgm

Semi-Analytical Solutions for the Diffusive Kaldor–Kalecki Business Cycle Model with a Time Delay for Gross Product and Capital Stock

H. Y. Alfifi
2021 Complexity  
This paper discusses the stability and Hopf bifurcation analysis of the diffusive KaldorKalecki model with a delay included in both gross product and capital stock functions.  ...  The delay investment parameter and diffusion coefficient can have great impacts on the Hopf bifurcations and stability of the business cycle model.  ...  Acknowledgments e author wishes to thank the editor: Baogui Xin, for the useful comments.  ... 
doi:10.1155/2021/9998756 doaj:6c9a3c4a08314130a528dc4083731914 fatcat:vuqwk4qfz5h7tfbojofwr7e7xy

Political aspects of innovation

Jerry Courvisanos
2009 Research Policy  
The role of innovation stems from Schumpeter's long-run perspective, but incorporates the more dynamic cyclical short-term and trend perspectives of Kalecki.  ...  Similarly, this paper provides a policy framework that identifies what government and business support as innovation policies.  ...  The research facilities and staff of CSES have been most helpful during the development and writing of this paper.  ... 
doi:10.1016/j.respol.2009.04.001 fatcat:jl3araaitjckrc2usancbopcse

A logistic map approach to economic cycles. (I). The best adapted companies

J. Miśkiewicz, M. Ausloos
2004 Physica A: Statistical Mechanics and its Applications  
The evolution of a dynamic exponent is shown as a function of the business plan parameters.  ...  The model can be mapped onto a high order logistic map. The control parameter is a (scalar) "business plan".  ...  Many analytical and simulation approaches are based on the Kaldor -Kalecki model [1, 2] or generalizations like in [5, 24] .  ... 
doi:10.1016/j.physa.2004.01.026 fatcat:34nubl37drcmphysgrd7gliafq

On History of Mathematical Economics: Application of Fractional Calculus

Vasily E. Tarasov
2019 Mathematics  
The first stage of the Memory Revolution in economics is associated with the works published in 1966 and 1980 by Clive W. J.  ...  This paper contains a brief review of the history of applications of fractional calculus in modern mathematical economics and economic theory.  ...  Conflicts of Interest: The author declares no conflict of interest.  ... 
doi:10.3390/math7060509 fatcat:q5umsru76bhupfczyqu5hu64n4

Dynamic Analysis on a Diffusive Two-Enterprise Interaction Model with Two Delays

Yanxia Zhang, Long Li, Antonio Di Crescenzo
2022 Journal of Mathematics  
In this study, a two-enterprise interaction model with diffusion and delay effects is considered.  ...  Therefore, it is necessary to investigate the dynamic behavior of reaction-diffusion systems with time delays.  ...  [17] provided a Kaldor-Kalecki model of the business cycle with diffusion and time delay and described the influence of the diffusion coefficient on the spatial pattern of the system.  ... 
doi:10.1155/2022/3466954 fatcat:7x7xdaaiifgvheimmooozsyex4

Mr. Hamilton, Mr. Forrester, and a Foundation for Evolutionary Economics

Michael J. Radzicki
2003 Journal of Economic Issues  
The adoption of a monetary over-investment theory of the business cycle. 5. Support for anti-cyclical monetary policy and a free banking system. 6.  ...  Of course, new abstract concepts and generalizations create a framework for watching, and a new cycle of learning can be initiated. Kolb's Model and the System Dynamics Modeling Process.  ... 
doi:10.1080/00213624.2003.11506561 fatcat:r27g7xv7lvdnxnikffwmojs35m

Regional Innovation for Sustainable Development: An Australian Perspective

Jerry Courvisanos
2009 Journal of Innovation Economics & Management  
A path of dynamic diffusion of new technology systems needs to be set up that is conducive to innovation in investment for a sustainable physical environment.  ...  In Kalecki (1963) 's study of planning dynamics, there are two specific resource saving parameters that provide ecological-efficient criteria for rules formulation.  ... 
doi:10.3917/jie.003.0119 fatcat:u6uvhccxd5f2piso7gubsu444q

Extreme events: dynamics, statistics and prediction

M. Ghil, P. Yiou, S. Hallegatte, B. D. Malamud, P. Naveau, A. Soloviev, P. Friederichs, V. Keilis-Borok, D. Kondrashov, V. Kossobokov, O. Mestre, C. Nicolis (+5 others)
2011 Nonlinear Processes in Geophysics  
The review covers theoretical aspects of time series analysis and of extreme value theory, as well as of the deterministic modeling of extreme events, via continuous and discrete dynamic models.  ...  Two important results refer to (i) the complementarity of spectral analysis of a time series in terms of the continuous and the discrete part of its power spectrum; and (ii) the need for coupled modeling  ...  Blender and two anonymous referees The publication of this article is financed by CNRS-INSU.  ... 
doi:10.5194/npg-18-295-2011 fatcat:s3bcyf4yencobnqeu5ocgo3kdy

Self-oscillation

Alejandro Jenkins
2013 Physics reports  
Physicists are very familiar with forced and parametric resonance, but usually not with self-oscillation, a property of certain dynamical systems that gives rise to a great variety of vibrations, both  ...  We characterize the operation of motors as self-oscillation and prove a theorem about their limit efficiency, of which Carnot's theorem for heat engines appears as a special case.  ...  His solution leads to a limit cycle. [286] Nonlinearity was incorporated into models of the macroeconomic business cycle by Lord Kaldor [287] , Sir John Hicks [288] , and others (see [289] ).  ... 
doi:10.1016/j.physrep.2012.10.007 fatcat:os6nsugpubgnplpwz3r2qbwqam

Promoting Econometrics Through Econometrica 1933-39

Olav Bjerkholt
2014 Social Science Research Network  
Or was it the overall composition and impression that caused Frisch's exhilaration.  ...  Tinbergen discusses the practical needs for simplifications in business cycle models, mentioning Frisch's "macro-analysis" as one and Haavelmo's discussion at the ESEM-6 of how a model can be closed as  ...  Business cycle theorists, say, would buy the issue on business cycles, and ignore Econometrica for perhaps two years, so with accountants, etc.  ... 
doi:10.2139/ssrn.2401990 fatcat:sof5lb4qtfbz7hjl5pz4mlnzym

The Global Financial Crisis in Historical Perspective: An Economic Analysis Combining Minsky, Hayek, Fisher, Keynes and the Regulation Approach

Robert Boyer
2013 Accounting, Economics, and Law ? A Convivium  
Financial liberalization has triggered a series of financial innovations that seemed to define, at least transitorily and for the United States and United Kingdom, an unprecedented consumer credit-led  ...  But financial innovations diffuse, quite quickly, since they are intangible and have major consequences for macroeconomic stability due to various externalities.  ...  business cycle and to exogenous shocks.  ... 
doi:10.1515/ael-2013-0030 fatcat:2vaflg2aezgbjcxfjjjvpm5tze

Front Matter

1975 Economic development and cultural change  
We now turn to a model of an exporting firm which provides a basis for systematic analysis of the effects of these changes on export per- formance. Ill.  ...  Restraints on the growth of capital in this period are associated with the necessity for price competition over shrinking markets in the downswing of the business cycle and the resulting contraction of  ... 
doi:10.1086/edcc.24.1.1152778 fatcat:riqk7ekhmjcgbmxe6vllqcojwq

The Keynesian Revolution: A Research School Analysis

Robert Anthony Cord, Apollo-University Of Cambridge Repository, Apollo-University Of Cambridge Repository
2011
Thus, as well as Keynes, we apply the same research school analysis to the cases of Hayek and Kalecki and use it to explain why they were overshadowed by Keynes.  ...  However, no systematic effort has been made to bring together these and other factors under one recognised framework of analysis.  ...  To begin with, the claim by some historians of economic theory that biographical information is useful in helping to explain why the ideas of some economists are successful and others are not receives  ... 
doi:10.17863/cam.16167 fatcat:kqzrly5645dohlj6gzr4f5o6se

The Dynamic World View in Action [chapter]

Complexity Explained  
A fundamental property of g, then, is the validity of the identity g(t + s, x 0 ) ≡ g(s, g(t, x 0 )) (4.1) for all states x, and times t, s.  ...  A dynamical system operates in time. Typically, we take the time set T to be the real line R (a continuous-time system) or the set of integers Z (a discrete-time system).  ...  The Kaldor-Kalecki Model In a version of the model another mechanism to induce periodicity, i.e., some delay in investment, is also incorporated.  ... 
doi:10.1007/978-3-540-35778-0_4 fatcat:tjn43hm2j5bmjfhx76jhxrxdfq
« Previous Showing results 1 — 15 out of 27 results