Study of Samuelson’s General Model of National Economy and Definition of Asymptotic-Stability Conditions


  •  Athanasios D. Karageorgos    
  •  Grigoris I Kalogeropoulos    

Abstract

In this particular paper we firstly deal with Samuelson’s model of national economy. We create a difference equation which reflects Samuelson’s model for the national income of a country taking into consideration the expenditure and the investments of the two previous years and not only the immediately previous one. Later we find the saddle-point and deal with its stability giving conditions concerning the coefficient of the difference equation and which are able (sufficient) and necessary in order for the saddle-point to be stable.



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  • Issn(Print): 1916-9795
  • Issn(Onlne): 1916-9809
  • Started: 2009
  • Frequency: bimonthly

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