DISCRETE TIME OR CONTINUOUS TIME, THAT IS THE QUESTION: THE CASE OF SAMUELSON’S MULTIPLIER-ACCELERATOR MODEL

  • Yinghao LUO Independent researcher, P.R.China,
  • Mingmin LUO Zhejiang University of Finance and Economics, P.R.China
DOI: https://doi.org/10.14505/tpref.v7.2(14).04

Abstract

A basic problem in economic dynamics is the choice of continuous-time or discrete-time in mathematical modeling. In this paper, we study the continuous-time Samuelson’s multiplier-accelerator model and compare this continuous-time model with its classical discrete-time model. We find that although time scales do not affect the probability of return to equilibrium solution in Samuelson’s multiplier-accelerator model, but time scales have an influence on the perfect symmetry of periodic motion.

References

[1] Samuelson, P.A. 1939. Interactions between the Multiplier Analysis and the Principle of Acceleration. Review of Economic Statistics, 4: 75-78, http://dx.doi.org/10.2307/1927758
Published
2016-12-31
How to Cite
LUO, Yinghao; LUO, Mingmin. DISCRETE TIME OR CONTINUOUS TIME, THAT IS THE QUESTION: THE CASE OF SAMUELSON’S MULTIPLIER-ACCELERATOR MODEL. Theoretical and Practical Research in Economic Fields, [S.l.], v. 7, n. 2, p. 155-159, dec. 2016. ISSN 2068-7710. Available at: <https://journals.aserspublishing.eu/tpref/article/view/1264>. Date accessed: 21 dec. 2024. doi: https://doi.org/10.14505/tpref.v7.2(14).04.
Citation Formats
Issue
Vol 7 No 2 (2016): TPREF, Volume VII, Issue 2(14), Winter 2016
Section
Articles

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