Abstract:
The Goodwin economic dynamical model under random disturbances is considered. We study probabilistic properties of stochastic attractors numerically and theoretically via stochastic sensitivity functions technique. Confidence domains are constructed on the base of this method. We have found critical values of the noise intensity corresponding to the noise-induced transitions between basins of attractors.
Keywords:goodwin model, business cycles, random distributions, stochastic sensitivity function, noise-induced transitions, confident domains.