``Period three to period two'' bifurcation for piecewise linear models (Q1182150): Difference between revisions

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+Nonlinear oscillations, dynamical systems, and bifurcations of vector fields
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+Cycles and chaos in a socialist economy
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+Bifurcation of periodic orbits of a three-dimensional piecewise smooth system
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Latest revision as of 17:31, 4 April 2025

scientific article

Language	Label	Description	Also known as
English	``Period three to period two'' bifurcation for piecewise linear models	scientific article

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title

``Period three to period two'' bifurcation for piecewise linear models (English)

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28 June 1992

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review text

A simple piecewise linear macroeconomic growth model is presented. The model is described as a control system with two state variables, two control variables and so-called Hicksian nonlinearities, i.e., the model is linear with ceiling and floor. The authors numerically show an interesting behaviour of the economy described by such a model, namely a new kind of a ``period three to period two'' bifurcation phenomenon.

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zbMATH Keywords

piecewise linear macroeconomic growth model

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Hicksian nonlinearities

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bifurcation

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reviewed by

Emil Panek

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