Homoclinic and Heteroclinic Motions in Economic Models with Exogenous Shocks
e | 01 gen 2016
INFORMAZIONI SU QUESTO ARTICOLO
Pubblicato online: 01 gen 2016
Pagine: 1 - 10
Ricevuto: 01 giu 2015
Accettato: 25 ott 2015
DOI: https://doi.org/10.21042/AMNS.2016.1.00001
Parole chiave
© 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.