Kaldor-Kalecki stochastic model of business cycles

Authors:
Gabriela Mircea;Mihaela Neamţu;Laura Cismaş;Dumitru Opriş
Affiliations:
Department of Economic Informatics and Statistics, West University of Timişoara, Timişoara, Romania;Department of Economic Informatics and Statistics, West University of Timişoara, Timişoara, Romania;Department of Economy, West University of Timişoara, Timişoara, Romania;Department of Mathematics, West University of Timişoara, Timişoara, Romania
Venue:
MCBE'10/MCBC'10 Proceedings of the 11th WSEAS international conference on mathematics and computers in business and economics and 11th WSEAS international conference on Biology and chemistry
Year:
2010

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Abstract

This paper is concerned with a stochastic delayed Kaldor-Kalecki nonlinear business cycle model of the income. It will take into consideration the investment demand in the form suggested by Rodano. We will analyze the deterministic and stochastic Kaldor-Kalecki models. The dynamics of the mean values and the square mean values of the model's variables are set. Numerical examples are given in the end, to illustrate our theoretical results.