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Research Article Open Access
In the paper, the stochastic Kaldor-Kalecki model of business cycle with noise is investigated. By analyzing the Lyapunov exponent, invariant measure and singular boundary theory, some new criteria ensuring stochastic stability, P-bifurcation and pitchfork bifurcation for stochastic Kaldor-Kalecki model are obtained, respectively. Numerical simulation results are given to support the theoretical predictions.
Stochastic bifurcation and stability,Lyapunov exponent, Invariant measure, Kaldor-Kalecki model, Stochastic bifurcation and stability, Lyapunov exponent, Invariant measure, Kaldor-Kalecki model