Far East Journal of Dynamical Systems
Volume 19, Issue 2, Pages 115 - 120
(July 2012)
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SUBCRITICAL AND SUPERCRITICAL HOPF BIFURCATIONS IN A TIME-TO-BUILD GROWTH MODEL
Massimiliano Ferrara and Luca Guerrini
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Abstract: This paper focuses on the delay induced Hopf bifurcation in a Solow-Swan model with classical savings. By using the perturbation method of Lindstedt, the supercritical and subcritical nature of Hopf-bifurcating periodic solution is shown to depend on capital’s share. |
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