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    <title>delay differential equation</title>
    <link>https://popups.uliege.be/3041-539x/index.php?id=1944</link>
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      <title>Growth in Economic Systems with Delay</title>
      <link>https://popups.uliege.be/3041-539x/index.php?id=1942</link>
      <description>We consider the role of the time delay parameter in basic models of economic growth. We study the Solow model with a time lag. We also consider the dynamical optimization in the Solow model. We demonstrate that, both for Solow's model and Cass' model with a delay, there appear cyclic fluctuations whose parameters we have calculated. These fluctuations have a consbant period and appear through the mechanism of the single Hopf bifurcation. </description>
      <pubDate>Wed, 17 Jul 2024 15:11:54 +0200</pubDate>
      <lastBuildDate>Wed, 17 Jul 2024 15:12:01 +0200</lastBuildDate>
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