Effect of consumption delay on goodwin’s oscillations in “only floor” model of induced investment
Анотація
We considered the Goodwin-Allen business cycle model with continuously distributed delays in income, consumption and induced investment. Investigated the effect of the consumption delay on the conditions for the existence the Goodwin-like oscillation, its amplitude and period for “only floor” model of investment function. We have shown that if the consumption delay is comparable with investment delay, then the conditions for the existence of oscillation and its amplitude are very different from those for the case of small consumption delay.
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