Publication Date:
2014-12-17
Description:
This paper aims to analyze the stability of the positive equilibrium of a delay differential neoclassical growth model. We prove the existence, positivity and permanence of solutions which help to deduce the global exponential stability of the unique positive equilibrium for this model. Our method relies upon the differential inequality technique and the Lyapunov functional. Moreover, we give an example with numerical simulations to demonstrate theoretical results.
Print ISSN:
1687-1839
Electronic ISSN:
1687-1847
Topics:
Mathematics
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