Original title: On economic model of cycles
Authors: Vošvrda, Miloslav
Document type: Papers
Conference/Event: Mathematical Methods in Economics 2000 /18./, Praha (CZ), 2000-09-13 / 2000-09-15
Year: 2000
Language: eng
Abstract: The van der Pol's equation with an appropriate feedback is applied to forming of a model of economic cycles. The model exhibits the ability of the savings and investments to give output in a limit cycle by a bifurcation. According to the life cycle hypothesis, the households will have constant, or will continuously increase, the marginal propensity to saving. The savings deviation is accelerated in relation with the gap between the GDP and its potential value.
Project no.: AV0Z1075907 (CEP), GA402/00/0439 (CEP), GA402/98/0742 (CEP)
Funding provider: GA ČR, GA ČR
Host item entry: Proceedings of the 18th International Conference on Mathematical Methods in Economics 2000

Institution: Institute of Information Theory and Automation AS ČR (web)
Document availability information: Fulltext is available at the institute of the Academy of Sciences.
Original record: http://hdl.handle.net/11104/0130452

Permalink: http://www.nusl.cz/ntk/nusl-34789


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Research > Institutes ASCR > Institute of Information Theory and Automation
Conference materials > Papers