Artikel
An optimal equilibrium for a reformulated Samuelson economic discrete time system
This paper studies the equilibrium of an extended case of the classical Samuelson's multiplier-accelerator model for national economy. This case has incorporated some kind of memory into the system. We assume that total consumption and private investment depend upon the national income values. Then, delayed difference equations of third order are employed to describe the model, while the respective solutions of third-order polynomial correspond to the typical observed business cycles of real economy. We focus on the case that the equilibrium is not unique and provide a method to obtain the optimal equilibrium.
- Sprache
-
Englisch
- Erschienen in
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Journal: Journal of Economic Structures ; ISSN: 2193-2409 ; Volume: 8 ; Year: 2019 ; Issue: 29 ; Pages: 1-10 ; Heidelberg: Springer
- Klassifikation
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Wirtschaft
- Thema
-
Economic modelling
Samuelson model
Diference equations
Equilibrium
Optimal
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Barros, Maria Filomena
Ortega, Fernando
- Ereignis
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Veröffentlichung
- (wer)
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Springer
- (wo)
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Heidelberg
- (wann)
-
2019
- DOI
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doi:10.1186/s40008-019-0162-2
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Barros, Maria Filomena
- Ortega, Fernando
- Springer
Entstanden
- 2019
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