Abstract
This paper considers an application of a local theory of exponentially asymptotically stability of nonsmooth periodic orbits derived from a planar dynamical system of autonomous ordinary differential equations with discontinuous right-hand side. Such dynamical systems are encountered in economic modelling in the context of economic growth. In this paper, we revisit an example considered in a companion paper of
this journal and show that the explicit solution of the dynamical system is not required in showing exponentially asymptotically stability. We also provide a formula for the basin of attraction. The cost of the new method is also assessed.
this journal and show that the explicit solution of the dynamical system is not required in showing exponentially asymptotically stability. We also provide a formula for the basin of attraction. The cost of the new method is also assessed.
Original language | English |
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Journal | Applied Mathematical Sciences |
Volume | 13 |
Issue number | 11 |
DOIs | |
Publication status | Published - 2019 |