1. Numerical Analysis of Two Coupled Kaldor-Kalecki Models with Delay.
- Author
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JACKOWSKA-ZDUNIAK, B., GRZYBOWSKA, U., and ORŁOWSKI, A.
- Subjects
- *
NUMERICAL analysis , *KALECKIAN Model of Growth & Distribution , *MATHEMATICAL models of economic development , *CAPITAL stock ,MATHEMATICAL models of business cycles ,MATHEMATICAL models of macroeconomics - Abstract
This paper is concerned with two coupled Kaldor-Kalecki models of business cycles with delays in both the gross product and the capital stock. We consider two types of investment functions that lead to different behavior of the system. We introduce the model with unidirectional coupling to investigate the influence of a global economy (like the European Union) on a local economy (like Poland). We present detailed results of numerical analysis. [ABSTRACT FROM AUTHOR]
- Published
- 2015
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