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Capital dependent population growth induces cycles

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  • Yüksel, Mustafa Kerem

Abstract

Cobb–Douglas type production functions and time-delay are not sufficient for the economy to behave cyclic. However, capital dependent population dynamics can enforce Hopf bifurcation.

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  • Yüksel, Mustafa Kerem, 2011. "Capital dependent population growth induces cycles," Chaos, Solitons & Fractals, Elsevier, vol. 44(9), pages 759-763.
    • Handle: RePEc:eee:chsofr:v:44:y:2011:i:9:p:759-763
    DOI: 10.1016/j.chaos.2011.06.010
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    References listed on IDEAS

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    4. Kind, Christoph, 1999. "Remarks on the economic interpretation of Hopf bifurcations," Economics Letters, Elsevier, vol. 62(2), pages 147-154, February.
    5. Paul Zak, 1999. "Kaleckian Lags in General Equilibrium," Review of Political Economy, Taylor & Francis Journals, vol. 11(3), pages 321-330.
    6. Alessandro Cigno, 1981. "Growth with Exhaustible Resources and Endogenous Population," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 48(2), pages 281-287.
    7. Marek Szydłowski & Adam Krawiec, 2004. "A note on Kaleckian lags in the Solow model," Review of Political Economy, Taylor & Francis Journals, vol. 16(4), pages 501-506.
    8. Manfredi, Piero & Fanti, Luciano, 2004. "Cycles in dynamic economic modelling," Economic Modelling, Elsevier, vol. 21(3), pages 573-594, May.
    9. A. Krawiec & M. Szydlowski, 1999. "The Kaldor‐Kalecki business cycle model," Annals of Operations Research, Springer, vol. 89(0), pages 89-100, January.
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