The Time Delays’ Effects on the Qualitative Behavior of an Economic Growth Model

Figure 4

The time evolution of 𝑘^′(𝑡) versus 𝑘(𝑡) for 𝑠=0.41, 𝛿=0.35, 𝛼=0.8, 𝐴=1, 𝜏₁=10, 𝜏₂=2, and 𝑡∈[0,3500] (a). The time evolution of 𝑘^′(𝑡) versus 𝑘(𝑡) for 𝑠=0.91, 𝛿=0.35, 𝛼=0.8, 𝐴=1, 𝜏₁=10, 𝜏₂=2, and 𝑡∈[0,3500] (b).

(a)

(b)