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Published in 2018 at "Computational Economics"
DOI: 10.1007/s10614-016-9633-9
Abstract: Capital investment requires a gestation lag for being productive. This time-to-build feature can lead to an autonomous system of mixed-type functional differential equations (FDEs), causing aggregate fluctuations for a deterministic economy. We present a continuation…
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Keywords:
time build;
system;
time;
transitional cycles ... See more keywords