Abstract— Papers investigate a Kaldor-Kalecki model of business cycle system with two different delays, which described the interaction of the gross product and the capital product. We derived the conditions for the local stability and the existence of Hopf bifurcation at the equilibrium of the system. By applying the normal form theory and center manifold theory, some explicit formulate for determining the stability and the direction of the Hopf bifurcation periodic solutions are obtained. Some numerical simulations by using Mathematica software supported the theoretical results. Finally, main conclusions are given.
Keywords— Two delays, Hopf bifurcation, Stability, Business cycle, Normal form.
Click here to Download Full Paper
AD Publications is a rapidly growing academic publisher in the fields of Engineering, Medical-Health, Environmental Science and Agriculture Research. AD Publications is a registered organization broad-based open access and publishes most exciting researches with respect to the subjects of our journals. The Journals is being indexed and abstracted by all major global current awareness and alerting services.
The organization aims at undertaking, co- coordinating and promoting research and development. It provides professional and academic guidance in the field of basic education, Higher Education as well in the Technical Education. Our Aims is to Promote and support, High Quality basic, Scientific Research and development in fields of Engineering, Medical-Health, Environmental Science and Agriculture Research and to Generate Public awareness, provide advice to scholar’s researchers and communicate research outcomes.
Some Important Links About Research Journal
International Journal
Agriculture Journal
Medical Journal
Environmental Journal
Engineering Journal