SUBCRITICAL AND SUPERCRITICAL HOPF BIFURCATIONS IN A TIME-TO-BUILD GROWTH MODEL
This paper focuses on the delay induced Hopf bifurcation in a Solow-Swan model with classical savings. By using the perturbation method of Lindstedt, the supercritical and subcritical nature of Hopf-bifurcating periodic solution is shown to depend on capital’s share.
time delay, Hopf bifurcation, Lindstedt method.
