IDEAS home Printed from https://ideas.repec.org/h/spr/conchp/978-3-319-78494-6_11.html
   My bibliography  Save this book chapter

Stability Analysis of Some Dynamic Economic Systems Modeled by State-Dependent Delay Differential Equations

In: Global Approaches in Financial Economics, Banking, and Finance

Author

Listed:
  • Sertaç Erman

    (İstanbul Medipol University)

Abstract

The research subject of many studies is the asymptotical behavior of dynamic systems with both continuous and discrete time scales for economical approaches. The qualitative theory of differential or difference equations is the main basis of these studies. When modeling using ordinary differential equations, the delays in the system are always ignored. However, even a small amount of delay in the system can cause significant changes in the system. For this reason, it is more realistic to use delayed differential equations while modeling the majority of the problems encountered. Moreover, some research showed us that some delays in the systems vary with respect to the internal effects of the system. In this case, using of state-dependent delay differential equations is much more suitable. In this paper, Kaldorian macro dynamic model with Kaleckian investment delay and models of goods market with supply delay are investigated. First, the classical models are introduced, and then the effects of the delays in the system are discussed. Finally, general systems of state-dependent delay differential equations covering these models are analyzed.

Suggested Citation

  • Sertaç Erman, 2018. "Stability Analysis of Some Dynamic Economic Systems Modeled by State-Dependent Delay Differential Equations," Contributions to Economics, in: Hasan Dincer & Ümit Hacioglu & Serhat Yüksel (ed.), Global Approaches in Financial Economics, Banking, and Finance, chapter 0, pages 227-240, Springer.
    • Handle: RePEc:spr:conchp:978-3-319-78494-6_11
    DOI: 10.1007/978-3-319-78494-6_11
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:conchp:978-3-319-78494-6_11. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.