<abstract xmlns="http://www.w3.org/1999/xhtml"><p>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.</p></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.

Homoclinic and Heteroclinic Motions in Economic Models with Exogenous Shocks

Applied Mathematics and Nonlinear Sciences

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

{"article-title":"Homoclinic and Heteroclinic Motions in Economic Models with Exogenous Shocks"}

In this study, we theoretically prove the presence of homoclinic and heteroclinic motions in the dynamics of economic models perturbed with exogenous shocks....

Homoclinic and Heteroclinic Motions in Economic Models with Exogenous Shocks

Published Online: Jan 01, 2016

Page range: 1 - 10

Received: Jun 01, 2015

Accepted: Oct 25, 2015

DOI: https://doi.org/10.21042/AMNS.2016.1.00001

Keywords
Exogenous shocks, Homoclinic and heteroclinic motions, Stable and unstable sets, Kaldor model

© 2016 Marat Akhmet, Mehmet Onur Fen, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Homoclinic and Heteroclinic Motions in Economic Models with Exogenous Shocks

Published Online: Jan 01, 2016

Page range: 1 - 10

Received: Jun 01, 2015

Accepted: Oct 25, 2015

DOI: https://doi.org/10.21042/AMNS.2016.1.00001

KeywordsExogenous shocks, Homoclinic and heteroclinic motions, Stable and unstable sets, Kaldor model

© 2016 Marat Akhmet, Mehmet Onur Fen, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Keywords
Exogenous shocks, Homoclinic and heteroclinic motions, Stable and unstable sets, Kaldor model