Project CEMAPRE internal
| Title | On Stability of a Cyclic Economic Behavior |
| Participants | Maria J Borges, Maria de Fátima Fabião Ribeiro (Principal Investigator), João P Teixeira |
| Summary | In this work we analyzed the dynamics of an economic growth model with a generic production function. The main theorem shows that the difference between any pair of solutions confined to an invariant interval converges to zero as t goes to infinity. Our results show the existence of a unique economic cycle that is exponentially asymptotically stable. |