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

Figure 2

The time evolution of the function 𝑘(𝑡) for 𝑠=0.11, 𝛿=0.8, 𝛼=0.01, 𝐴=1, 𝜏₁=3, and 𝜏₂=2 (a). The 𝑘^′(𝑡) versus 𝑘(𝑡), for 𝑡∈[0,300] (b).

(a)

(b)