Article
Homoclinic and Heteroclinic Motions in Economic Models with Exogenous Shocks
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Abstract
In this study, we theoretically prove the presence of homoclinic and heteroclinic motions in the dynamics of economic models perturbed with exogenous shocks. An illustrative example based on the Kaldor model of the aggregate economy is presented.
Keywords
Exogenous shocks, Homoclinic and heteroclinic motions, Stable and unstable sets, Kaldor model, 91G80, 35A24, 54H20
Citation
Akhmet, M. & Onur Fen, M. (2016). Homoclinic and heteroclinic motions in economic models with exogenous shocks. Applied Mathematics and Nonlinear Sciences, 1(1), 1–10. https://doi.org/10.21042/AMNS.2016.1.00001
M. Akhmet and M. Onur Fen, “Homoclinic and heteroclinic motions in economic models with exogenous shocks,” Applied Mathematics and Nonlinear Sciences, vol. 1, no. 1, pp. 1–10, 2016, doi: 10.21042/AMNS.2016.1.00001.
Akhmet M, Onur Fen M. Homoclinic and heteroclinic motions in economic models with exogenous shocks. Applied Mathematics and Nonlinear Sciences. 2016;1(1):1–10. doi:10.21042/AMNS.2016.1.00001.
Akhmet, M. and Onur Fen, M. (2016), ‘Homoclinic and heteroclinic motions in economic models with exogenous shocks’, Applied Mathematics and Nonlinear Sciences, 1(1), pp. 1–10. Available at: https://doi.org/10.21042/AMNS.2016.1.00001.
Akhmet, Marat, and Mehmet Onur Fen. “Homoclinic and Heteroclinic Motions in Economic Models with Exogenous Shocks.” Applied Mathematics and Nonlinear Sciences, vol. 1, no. 1, 2016, pp. 1–10. https://doi.org/10.21042/AMNS.2016.1.00001.
Akhmet, Marat, and Mehmet Onur Fen. “Homoclinic and Heteroclinic Motions in Economic Models with Exogenous Shocks.” Applied Mathematics and Nonlinear Sciences 1, no. 1 (2016): 1–10. https://doi.org/10.21042/AMNS.2016.1.00001.
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- DOI: 10.21042/amns.2016.1.00001
- Type: article
- Source: Applied Mathematics and Nonlinear Sciences
- Published: 2016-01-01
- OpenAlex ID: W2394529263
Published by: Engineering Journals
