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On Economic Model of Cycles

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  • Miloslav S. Vosvrda

    (Charles University, Prague)

Abstract

An economic model of cycles focused on the capital investment phenomenon will briefly be introduced. Van der Pol's (VdPe) equation constitutes an model to analyzing of the dynamic behavior of self-excited oscillations We will consider a system of the first order nonlinear differential equations where the VdPe is connected to a feedback function controlled by a capital/output ratio parameter. A value of the potential gross domestic product YP will be considered as an unit of the system.

Suggested Citation

  • Miloslav S. Vosvrda, 2001. "On Economic Model of Cycles," CeNDEF Workshop Papers, January 2001 PO3, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance.
    • Handle: RePEc:ams:cdws01:po3
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