Numerical Analysis of Modified Kaldor-Kalecki Model with Couplings and Delays

• Authors: B. Jackowska-Zduniak , A. Orłowski
• Languages of publication: EN

Abstracts

EN

Modified Kaldor-Kalecki-type model of business cycles with delays are considered. Unidirectional and bidirectional couplings are introduced to investigate relationships between three "global" markets and two "local" markets. Selected results of an extensive numerical analysis are presented.

Keywords

EN

89.65.Gh; 88.05.Lg; 05.45.-a; 02.60.Lj; 05.45.Xt

Discipline

• 88.05.Lg: Economic issues; sustainability; cost trends
• 05.45.-a: Nonlinear dynamics and chaos(see also section 45 Classical mechanics of discrete systems; for chaos in fluid dynamics, see 47.52.+j; for chaos in superconductivity, see 74.40.De)
• 02.60.Lj: Ordinary and partial differential equations; boundary value problems
• 89.65.Gh: Economics; econophysics, financial markets, business and management(for economic issues regarding production and use of renewable energy, see 88.05.Lg)
• 05.45.Xt: Synchronization; coupled oscillators

• Publisher: Institute of Physics, Polish Academy of Sciences
• Journal: Acta Physica Polonica A
• Year: 2016
• Volume: 129
• Issue: 5
• Pages: 1008-1010

Dates

published

2016-05

Contributors

author

B. Jackowska-Zduniak

• Faculty of Applied Informatics and Mathematics, Warsaw University of Life Sciences - SGGW Nowoursynowska 159, 02-776 Warszawa, Poland

author

A. Orłowski

• Faculty of Applied Informatics and Mathematics, Warsaw University of Life Sciences - SGGW Nowoursynowska 159, 02-776 Warszawa, Poland

References

• [1] J.A. Schumpeter, Business Cycles, A Theoretical, Historical, and Statistical Analysis of the Capitalist Process, McGraw-Hill Book Company, New York 1939 http://classiques.uqac.ca/classiques/Schumpeter_joseph/business_cycles/schumpeter_business_cycles.pdf
• [2] Kyun Kim, Equilibrium Business Cycle Theory from Historical Perspective, Cambridge University Press, Cambridge 1988, doi: 10.1017/CBO9780511664762
• [3] V. Zarnowitz, Business Cycles: Theory, History, Indicators, and Forecasting, The Chicago University Press, Chicago 1996 http://papers.nber.org/books/zarn92-1
• [4] M. Kalecki, Econometrica 3, 327 (1935), doi: 10.2307/1905325
• [5] N. Kaldor, Econ. J. 50, 78 (1940), doi: 10.2307/2225740
• [6] A. Krawiec, M. Szydłowski, Ann. Oper. Res. 89, 89 (1999), doi: 10.1023/A:1018948328487
• [7] A. Krawiec, M. Szydłowski, J. Nonlinear Math. Phys. 8, 266 (2001), doi: 10.2991/jnmp.2001.8.s.46
• [8] B. Jackowska-Zduniak, U. Grzybowska, A. Orłowski, Acta Phys. Pol. A 127, A-70 (2015), doi: 10.12693/APhysPolA.127.A-70

Identifiers

DOI

10.12693/APhysPolA.129.1008