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Far East Journal of Dynamical Systems

Far East Journal of Dynamical Systems
Volume 19, Issue 2, Pages 107 - 114 (July 2012)

HOPF BIFURCATION OF A SOLOW-SWAN TYPE MODEL WITH TWO DELAYS

Massimiliano Ferrara and Luca Guerrini

Abstract:

A mathematical model for economic growth with two discrete delays is studied. The delays, respectively, represent the time taken for capital to be used for production and the time taken for capital to depreciate. We investigate the influence of time delays on the Hopf bifurcation when one of delays is used as a bifurcation parameter.

Keywords and phrases:

Solow-Swan model, multiple delays, Hopf bifurcation.

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