On Foreign Capital Investment Bifurcations
On Foreign Capital Investment Bifurcations
Author(s): Miloslav S. VošvrdaSubject(s): Economy
Published by: Ekonomický ústav SAV a Prognostický ústav SAV
Summary/Abstract: An economic model of cycles focused on the foreign capital investment phenomenon will be briefly introduced. We consider a system of the first order nonlinear differential equations where a feedback is controlled by a capi-tal/output ratio parameter. The influence of the parameter changes on a macro-economic stability is analyzed. A convergence of this economic system either to stable state, or limit cycle, or chaotic state is demonstrated.
Journal: Ekonomický časopis
- Issue Year: 49/2001
- Issue No: 05
- Page Range: 910-924
- Page Count: 14
- Language: English