Research
Communication | Open Access
Volume 2022 | Communication ID 4589
Volume 2022 | Communication ID 4589
A generalized business cycle model with a variable depreciation rate |
Sara Lasfar, El Mehdi Warrak, Khalid Hattaf, Noura Yousfi
Received |
Accepted |
Published |
May 15, 22:03 |
July 01, 2022 |
July 15, 2022 |
Abstract: The business cycle model is a very important area of research in economics. The appearance of business cycle can be obtained from the nonlinear properties of the economic system and the existence of time delay in the investment process. Some of these models are based on delays, the first one concerns the delay between the decision of investment and its fulfilment. Whereas, the second one concerns the time lag for the investment to be made. On the other hand, many present researches models consider that depreciation rate constant. However, economists believe that people get experience while ...