Continuous Hicksian trade cycle model with consumption and investment time delays
Continuous Hicksian trade cycle model with consumption and investment time delays
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DOI：
10.1016/j.jebo.2010.03.010
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发表时间：
2010-07
影响因子：
2.2
通讯作者：
A. Matsumoto;F. Szidarovszky
中科院分区：
文献类型：
--
作者：
A. Matsumoto;F. Szidarovszky
The main purpose of this paper is to consider effects caused by time delays on stability of continuous models when the dynamic system is piecewise differentiable. To this end, we construct a continuous version of the discrete Hicksian trade cycle model and introduce continuously distributed time delays. It is demonstrated that time delays stabilize an otherwise unstable system, and a piecewisely connected limit cycle is generated around an unstable stationary state.
