Mathematical Model for Economic Growth, Corruption and Unemployment: Analysis of the Effects of a Time Delay in the Economic Growth

Mathematical Model for Economic Growth, Corruption and Unemployment: Analysis of the Effects of a Time Delay in the Economic Growth

In this article, we propose a nonlinear mathematical model that incorporates a discrete time delay. The model is used to analyze the dynamics of a socioeconomic system that includes economic growth, corruption, and unemployment. We introduce the time delay in the logistic economic growth term due to...

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Bibliographic Details
Main Authors: Ogochukwu Ifeacho, Gilberto González-Parra
Format: Article
Language:English
Published: MDPI AG 2025-05-01
Series:AppliedMath
Subjects:
discrete time delay
economic cycles
Hopf bifurcation
mathematical modeling
stability analysis
Online Access:https://www.mdpi.com/2673-9909/5/2/57
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