@article{oai:chuo-u.repo.nii.ac.jp:00008145, author = {ASADA, Toichiro and MATSUMOTO, Akio and SZIDAROVSZKY, Ferenc}, journal = {経済研究所 Discussion Paper, IERCU Discussion Paper}, month = {Mar}, note = {application/pdf, In this study we demonstrate the possibility of persistent oscillations of national income in ala Marxian growth model with consumption and investment sectors. Three main results are shown. First, the existence of the steady state is con…rmed. Second, the discrete-time dynamic model augmented with pollution effects generates simple as well as complex dynamics. Finally, the continuous-time dynamic model with production delay gives rise to regular as well as erratic dynamics. These …findings indicate that the Marxian growth model with nonlinearity and production delay may explain various dynamic phenomena of economic variables.}, title = {Marxian Growth Model with Production Delay}, volume = {276}, year = {2017} }