Bifurcation routes and economic stability

0410726 20240103182234.920060210235959.9 Bifurcation routes and economic stability 17 s. cav_un_epca*02930251212-074XBulletin of the Czech Econometric Society814 (2001)43-59 macroeconomic stability foreign investment phenomenon the Hopf bifurcation cav_un_auth*0101230 Vošvrda Miloslav UTIA-B Department of Econometrics Ústav teorie informace a automatizace AV ČR, v. v. i. 12B 05D GA402/00/0439 GA ČR cav_un_auth*0008931 GA402/01/0034 GA ČR cav_un_auth*0008950 GA402/01/0539 GA ČR cav_un_auth*0008959 AV0Z1075907 An economic model of cycles focused on the foreign capital investment phenomenon will be briefly introduced. We consider a system of the first order non-linear differential equations where a feedback function is controlled by a capital/output ratio parameter. Convergence of this system either to stable state, limit cycle of chaotic state is demonstrated. AH E http://hdl.handle.net/11104/0130814 UTIA-B 20010195 2001 cav_un_epca*0293025 Bulletin of the Czech Econometric Society 1212-074X Roč. 8 č. 14 2001 43 59