IDEAS home Printed from https://ideas.repec.org/a/bpj/jossai/v3y2015i2p176-183n7.html
   My bibliography  Save this article

Dynamics of a Nonlinear Business Cycle Model Under Poisson White Noise Excitation

Author

Listed:
  • Li Jiaorui

    (Xi’an Statistical Research Institute, Xi’an University of Finance & Economics, Xi’an, 710100, China)

  • Li Shuang

    (Xi’an Statistical Research Institute, Xi’an University of Finance & Economics, Xi’an, 710100, China)

Abstract

Several observations in real economic systems have shown the evidence of non-Gaussianity behavior, and one of mathematical models to describe these behaviors is Poisson noise. In this paper, stationary probability density of a nonlinear business cycle model under Poisson white noise excitation has been studied analytically. By using the stochastic averaged method, the approximate stationary probability density of the averaged generalized FPK equations are obtained analytically. The results show that the economic system occurs jump and bifurcation when there is a Poisson impulse existing in the periodic economic system. Furthermore, the numerical solutions are presented to show the effectiveness of the obtained analytical solutions.

Suggested Citation

  • Li Jiaorui & Li Shuang, 2015. "Dynamics of a Nonlinear Business Cycle Model Under Poisson White Noise Excitation," Journal of Systems Science and Information, De Gruyter, vol. 3(2), pages 176-183, April.
    • Handle: RePEc:bpj:jossai:v:3:y:2015:i:2:p:176-183:n:7
    DOI: 10.1515/JSSI-2015-0176
    as

    Download full text from publisher

    File URL: https://doi.org/10.1515/JSSI-2015-0176
    Download Restriction: no
    File URL: https://libkey.io/10.1515/JSSI-2015-0176?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Li, Jiaorui & Ren, Zhengzheng & Wang, Zuoren, 2008. "Response of nonlinear random business cycle model with time delay state feedback," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 387(23), pages 5844-5851.
    2. Li, Wei & Xu, Wei & Zhao, Junfeng & Jin, Yanfei, 2007. "Stochastic stability and bifurcation in a macroeconomic model," Chaos, Solitons & Fractals, Elsevier, vol. 31(3), pages 702-711.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Jochen Jungeilges & Tatyana Ryazanova, 2018. "Output volatility and savings in a stochastic Goodwin economy," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 8(3), pages 355-380, December.
    2. Goharrizi, Amin Yazdanpanah & Khaki-Sedigh, Ali & Sepehri, Nariman, 2009. "Observer-based adaptive control of chaos in nonlinear discrete-time systems using time-delayed state feedback," Chaos, Solitons & Fractals, Elsevier, vol. 41(5), pages 2448-2455.
    3. Lin, Zifei & Li, Jiaorui & Li, Shuang, 2016. "On a business cycle model with fractional derivative under narrow-band random excitation," Chaos, Solitons & Fractals, Elsevier, vol. 87(C), pages 61-70.
    4. Li, Jiaorui & Xu, Wei & Xie, Wenxian & Ren, Zhengzheng, 2008. "Research on nonlinear stochastic dynamical price model," Chaos, Solitons & Fractals, Elsevier, vol. 37(5), pages 1391-1396.
    5. Zhao, Jun, 2019. "Nonstationary response of a nonlinear economic cycle model under random disturbance," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 517(C), pages 409-421.
    6. Li, Wei & Huang, Dongmei & Zhang, Meiting & Trisovic, Natasa & Zhao, Junfeng, 2019. "Bifurcation control of a generalized VDP system driven by color-noise excitation via FOPID controller," Chaos, Solitons & Fractals, Elsevier, vol. 121(C), pages 30-38.
    7. Huang, Zaitang & Yang, Qigui & Cao, Junfei, 2011. "Complex dynamics in a stochastic internal HIV model," Chaos, Solitons & Fractals, Elsevier, vol. 44(11), pages 954-963.
    8. Li, Jiaorui & Feng, C.S., 2010. "First-passage failure of a business cycle model under time-delayed feedback control and wide-band random excitation," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 389(24), pages 5557-5562.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bpj:jossai:v:3:y:2015:i:2:p:176-183:n:7. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peter Golla (email available below). General contact details of provider: https://www.degruyter.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.