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

HJ NIEUWENHUIS, L SCHOONBEEK

    OnderzoeksoutputAcademicpeer review

    Samenvatting

    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.

    Originele taal-2English
    Pagina's (van-tot)259-277
    Aantal pagina's19
    TijdschriftJahrbucher fur nationalokonomie und statistik
    Volume213
    Nummer van het tijdschrift3
    StatusPublished - mei-1994

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