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2017 Cyclic Growth and Global Stability of Economic Dynamics of Kaldor Type in Two Dimensions
Aka Fulgence Nindjin, Albin Tetchi N’Guessan, Hypolithe Okou, Kessé Thiban Tia
Int. J. Differ. Equ. 2017: 1-12 (2017). DOI: 10.1155/2017/2062819

Abstract

This article proposes nonlinear economic dynamics continuous in two dimensions of Kaldor type, the saving rate and the investment rate, which are functions of ecological origin verifying the nonwasting properties of the resources and economic assumption of Kaldor. The important results of this study contain the notions of bounded solutions, the existence of an attractive set, local and global stability of equilibrium, the system permanence, and the existence of a limit cycle.

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Aka Fulgence Nindjin. Albin Tetchi N’Guessan. Hypolithe Okou. Kessé Thiban Tia. "Cyclic Growth and Global Stability of Economic Dynamics of Kaldor Type in Two Dimensions." Int. J. Differ. Equ. 2017 1 - 12, 2017. https://doi.org/10.1155/2017/2062819

Information

Received: 6 January 2017; Accepted: 2 May 2017; Published: 2017
First available in Project Euclid: 15 August 2017

zbMATH: 06915927
MathSciNet: MR3672055
Digital Object Identifier: 10.1155/2017/2062819

Rights: Copyright © 2017 Hindawi

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