International Journal of Differential Equations / 2019 / Article / Fig 2

Research Article

Direction and Stability of Hopf Bifurcation in a Delayed Solow Model with Labor Demand

Figure 2

For , an unstable periodic solution bifurcates from the positive equilibrium: (a and b) for , existence of bifurcating periodic solution and (c and d), for , absence of bifurcating periodic solution (see Theorem 3).

(a) Number of employed workers for = 1.57176
(b) Capital stock evolution for = 1.57176
(c) Number of employed workers for = 1.570796
(d) Capital stock evolution for = 1.570796

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