Analysis of an Economic Growth Model with Variable Carrying Capacity
نویسندگان
چکیده
In this paper, a kind of nonlinear delayed differential equations which can describe an economic model is considered. In this economy, population is modelled according to a logistically variable carrying capacity and capital’s accumulation has a time delay. By choosing time delay as a bifurcation parameter, it is proved that the system loses stability and a Hopf bifurcation occurs when the time delay passes through critical values. Mathematics Subject Classification: 34K18, 91B62
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تاریخ انتشار 2013