alexa Abstract | Complexity in the Stochastic Kaldor-Kalecki Model of Business Cycle with Noise

Research & Reviews: Journal of Statistics and Mathematical Sciences
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Research Article Open Access

Abstract

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.

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Author(s): Lin Zeng, Xuehan Xu and Zaitang Huang*

Keywords

Stochastic bifurcation and stability,Lyapunov exponent, Invariant measure, Kaldor-Kalecki model, Stochastic bifurcation and stability, Lyapunov exponent, Invariant measure, Kaldor-Kalecki model

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