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Author: | Larsen, E. R. Haxholdt, C. |
Title: | Mode-locking in a forced business cycle |
Journal: | Technological Forecasting and Social Change
1997 : OCT, VOL. 56:2, p. 119-130 |
Index terms: | MACROECONOMIC MODELS COMPLEXITY BUSINESS CYCLES |
Language: | eng |
Abstract: | Mode-locking, also known as entrainment and frequency-locking, is a typical phenomenon that can occur in systems where several oscillatory processes interact. The principle of superposition applies for linear systems. But as soon as nonlinear interactions become significant, this principle ceases to be valid, and two or more oscillatory modes will tend to adjust to one another to produce a "locked" solution in which one mode performs precisely q cycles each time the other mode performs p cycles, with p and q being integers. This paper discusses mode-locking in the context of the Goodwin business cycle. |
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