On a System of Difference Equations of an Economic Model
Author(s) -
M.F. Elettreby,
H. El-Metwally
Publication year - 2013
Publication title -
discrete dynamics in nature and society
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.264
H-Index - 39
eISSN - 1607-887X
pISSN - 1026-0226
DOI - 10.1155/2013/405628
Subject(s) - mathematics , invariant (physics) , convergence (economics) , stability (learning theory) , equilibrium point , mathematical economics , mathematical analysis , computer science , differential equation , economics , mathematical physics , economic growth , machine learning
We study some qualitative properties of the solutions of a system of difference equations, which describes an economic model. The study of the local stability of the equilibrium points is carried out. We give some important results of the invariant and the boundedness of the solutions to the considered system. The global convergence of the solutions is presented and investigated
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