Delay two-sector economic growth model with a Cobb-Douglas production function
Delay two-sector economic growth model with a Cobb-Douglas production function
复制标题
具有柯布-道格拉斯生产函数的延迟两部门经济增长模型
DOI：
10.1007/s10203-021-00321-2
复制
发表时间：
2021
影响因子：
1.1
通讯作者：
Ferenc Szidarovszky
中科院分区：
文献类型：
--
作者：
Akio Matsumoto;Ferenc Szidarovszky
这项研究论证了在资本实施和资本折旧估计存在延迟的情况下，循环资本积累的可能性。为此，建立了具有柯布-道格拉斯生产函数的两部门增长模型。结果表明，平衡增长的稳定性可能随时滞长度的变化而变化。在稳定性切换曲线上，系统失去了稳定性，并通过Hopf分支分叉到一个极限环。
This study demonstrates the possibility of cyclic capital accumulation in the case in which there are delays in capital implementation and estimation of capital depreciation. For this purpose, a two-sector growth model with Cobb–Douglas production function is built. It is shown that the stability of the balanced growth may change as lengths of delay change. It is also shown that on the stability switching curve the stability is lost and bifurcates to a limit cycle via a Hopf bifurcation.