Full Text

Turn on search term navigation

Copyright © 2014 Carlo Bianca and Luca Guerrini. Carlo Bianca et al. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

Abstract

This paper is devoted to the existence and stability analysis of limit cycles in a delayed mathematical model for the economy growth. Specifically the Solow model is further improved by inserting the time delay into the logistic population growth rate. Moreover, by choosing the time delay as a bifurcation parameter, we prove that the system loses its stability and a Hopf bifurcation occurs when time delay passes through critical values. Finally, numerical simulations are carried out for supporting the analytical results.

Details

Title
Existence of Limit Cycles in the Solow Model with Delayed-Logistic Population Growth
Author
Carlo, Bianca; Guerrini, Luca
Publication year
2014
Publication date
2014
Publisher
John Wiley & Sons, Inc.
ISSN
23566140
e-ISSN
1537744X
Source type
Scholarly Journal
Language of publication
English
ProQuest document ID
1561764053
Copyright
Copyright © 2014 Carlo Bianca and Luca Guerrini. Carlo Bianca et al. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.