Stability Analysis of Gdp-national Debt Dynamics Using Delay Differential Equation
Year: 2024
Type: article
Abstract: Gross Domestic Product (GDP) growth and national debt are like two faces of the same coin. The national debt is the major source of growth of GDP. GDP is completely paralyzed in the absence of national debt. The national debt in turn is hugely dependent on foreign funding. The GDP is growing faster as a result of these investments. It is believed that the external debt will never be entirely settled. It takes some time for the agreement to mature before external investments become available in response to demand. The primary topic of this study is the delay in foreign investment’s real arrival and how it affects the dynamics of GDP and national debt. We investigate this impact with a delay parameter [Formula: see text]. The stability analysis is done on the system and the nonzero equilibrium is computed. For a crucial delay parameter value, Hopf bifurcation is seen. The research plays a significant role in economic growth.
Source: Fractals
Authors: QILIANG CHEN, DIPESH, PANKAJ KUMAR, HACI MEHMET BASKONUS
Language: English
Topic: Economic Theory and Policy
Domain: Social Sciences
Open Access status: hybrid
OpenAlex ID: W4404059639