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Homoclinic and Heteroclinic Motions in Economic Models with Exogenous Shocks

Homoclinic and Heteroclinic Motions in Economic Models with Exogenous Shocks AbstractIn 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. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Applied Mathematics and Nonlinear Sciences de Gruyter

Homoclinic and Heteroclinic Motions in Economic Models with Exogenous Shocks

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Publisher
de Gruyter
Copyright
© 2016 Marat Akhmet, Mehmet Onur Fen, published by Sciendo
eISSN
2444-8656
DOI
10.21042/AMNS.2016.1.00001
Publisher site
See Article on Publisher Site

Abstract

AbstractIn 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.

Journal

Applied Mathematics and Nonlinear Sciencesde Gruyter

Published: Jan 1, 2016

References