PROF, ASOC - Majid Bani Yaghoub
Dr. Majid Bani-Yaghoubbaniyaghoubm@umkc.edu
This study seeks to extend and analyze a family of models evolved from Goodwin's (1967) Economic Growth Model. We first categorize and analyze the model extensions made previously. Then selected contributions are made commensurate, removing dimensions from the models and running simulations to contrast with previous work and associated results. Several original extensions are then developed and contrasted to the other variations found in the literature. The necessary assumptions ensuring economically sensible solutions are clearly stated. After each extension: equilibrium solutions are derived, the stability conditions are established, and the existence of bifurcations and periodic solutions are examined. The numerical simulations of the extended models suggest irregular growth cycles and bifurcating solutions that have not been observed in the previous models.
UMKC Department of Mathematics and Statistics
http://cas.umkc.edu/mathematics/amg/
Jul 3, 2015
I'm interested in this project. What should I do next?
Now that UR-Linked has helped you to identify a faculty project that interests you and for which you might be
qualified, be sure to review
the essential steps in contacting a potential faculty mentor .
The Director of Undergraduate Research,
Dr. Jane Greer. , can provide you with further guidance about finding
and connecting with faculty mentors at UMKC.
Once you have reviewed the essential steps to prepare for connecting
with a potential faculty mentor, you can use the "Contact Details" for this project to connect with the faculty
member and to begin a conversation about how you might get involved.
