DYNAMICS OF CONTINUOUS-TIME AND RELATED DISCRETE-TIME ECONOMIC-MODELS

HJ NIEUWENHUIS, L SCHOONBEEK

    Research output: Contribution to journalArticleAcademicpeer-review

    Abstract

    We compare the dynamic behaviour of a given linear economic model with continuous time and two discrete time models derived from it. The latter two models with discrete time play an important role in the literature on econometric models with continuous time. We analyze and compare the eigenvalues of the models, and obtain results with respect to the stability behaviour and the periods of oscillations that arise in the case of complex eigenvalues.

    Original languageEnglish
    Pages (from-to)259-277
    Number of pages19
    JournalJahrbucher fur nationalokonomie und statistik
    Volume213
    Issue number3
    Publication statusPublished - May-1994

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