Homoclinic and Heteroclinic Motions in Economic Models with Exogenous Shocks
et | 01 janv. 2016
À propos de cet article
Publié en ligne: 01 janv. 2016
Pages: 1 - 10
Reçu: 01 juin 2015
Accepté: 25 oct. 2015
DOI: https://doi.org/10.21042/AMNS.2016.1.00001
Mots clés
© 2016 Marat Akhmet, Mehmet Onur Fen, published by Sciendo
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.
In this study, we theoretically prove the presence of homoclinic and heteroclinic motions in the dynamics of economic models perturbed with exogenous shocks. An illustrative example based on the Kaldor model of the aggregate economy is presented.