摘要
This paper aims at re-examining the properties of the-celebrated Goodwin model in econmics.We improve the results of Flaschel by applying the bifurcation method of Iooss and Joseph. It isshown that under appropriate conditions endogeneous limit cycles appear after structural changeshave teken place in the economic system.
This paper aims at re-examining the properties of the-celebrated Goodwin model in econmics.We improve the results of Flaschel by applying the bifurcation method of Iooss and Joseph. It isshown that under appropriate conditions endogeneous limit cycles appear after structural changeshave teken place in the economic system.