Analysis of Types of Oscillations in Goodwin’s Model of Business Cycle
Анотація
Types of solutions of the Goodwin business cycle model with the fixed investment time lag have been numerically studied. It is shown that the long‐periodic Goodwin’s oscillations are excited by the independent investment A in case A exceeds a threshold. If A falls below the threshold, then there are only sawtooth oscillations with a period equal to the investment time lag. Near the threshold, the time behavior of the income is irregular.
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