IJPAM: Volume 78, No. 7 (2012)
A DELAYED MODEL WITH CLASSICAL SAVING
Department of Mathematics for Economic and Social Sciences
University of Bologna
5, Viale Filopanti 5, Bologna, 40126, ITALY
Abstract. In this paper, we study the stability and bifurcation of the Solow-Swan model with classical saving and time delay. We find that there are stability switches and Hopf bifurcations occur when the delay passes through a sequence of critical values.
Received: February 26, 2012
AMS Subject Classification: 34K18, 91B62
Key Words and Phrases: solow-swan model, classical saving, delay, Hopf bifurcation
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Source: International Journal of Pure and Applied Mathematics
ISSN printed version: 1311-8080
ISSN on-line version: 1314-3395