 Research
 Open Access
 Published:
The existence of two positive periodic solutions for the delay differential neoclassical growth model
Advances in Difference Equations volume 2016, Article number: 266 (2016)
Abstract
By using the Krasnoselskii fixed point theorem in a cone, we investigate the existence of two positive periodic solutions of the generalized delay differential neoclassical growth model with periodic coefficients and delays. Moreover, we give an example to demonstrate the theoretical result.
Introduction
In 2011, Matsumoto and Szidarovszky [1] first introduced the following delay differential neoclassical growth model:
to show the emergence of erratic fluctuations in the capital accumulation process, where x is the capital per labor, \(s\in(0,1)\) is the average propensity to save, \(\alpha=n+s \mu\) with μ being the depreciation ratio of capital and n the growth rate of the labor, the production function \(F(x)=Cx^{a}(1x)^{b}\) is unimodal (\(a,b\), and C are positive parameters) and τ is the delay in the production process. Two years later, in [2] they modified (1.1) as follows:
Here \(\alpha,\gamma,\delta\), and β are positive parameters, δ reflects the strength of a ‘negative effect’ caused by increasing concentration of capital, γ is a proxy for measuring returns to scale of the production function and \(\beta=sc\), where c is a positive constant. As regards the seminal and early work of neoclassical growth model, we refer to Day [3–5], Solow [6], Swan [7], Puu [8] and Bischi et al. [9]. Recently, Matsumoto and Szidarovszky [2] have studied the local stability of (1.2) by considering the corresponding characteristic equation in three different cases: \(\gamma<1\), \(\gamma=1\), and \(\gamma>1\). Clearly, equation (1.2) with \(\gamma=1\) is the famous Nicholson blowflies model [10], which has been researched by a lot of academics [11–18]. When \(\gamma<1\) and \(\gamma>1\), Chen and Wang [19] and Wang [20] have investigated the exponential stability of the unique positive equilibrium and two positive equilibriums, respectively. Furthermore, Wang [20] have put forward an open problem: Obtain the existence of two positive periodic solutions of (1.2) with variable coefficients and delays.
Moreover, since periodicity phenomenon is very common in economic, engineering and biological fields, one of the most interesting themes in the qualitative theory of functional differential equations is the existence of periodic solutions for its significance in real world. Up to now, there have been a number of important and remarkable results (see [21–25] and the references therein) concerning the existence of periodic solutions. Although much has been done, results on the existence of multiperiodic solutions of the delay differential neoclassical growth model are scarce. Hence, the main aim of this paper is to deal with the existence of two positive periodic solutions for the following generalized delay differential neoclassical growth model:
where \(\beta, \delta\in C(\mathrm{R}, (0,+\infty))\), \(\tau\in C(\mathrm{R}, [0,+\infty))\), and \(\alpha\in C(\mathrm{R}, \mathrm {R})\) are all ωperiodic functions, \(\int_{0}^{\omega}\alpha (t)\,dt>0\), γ and ω are positive constants.
For convenience and simplicity, we introduce a few notations and assumptions. Let
\(0< A=\min\{G(t,s):0\leq t,s\leq\omega\}<\max\{G(t,s):0\leq t,s\leq \omega\}=B\), and \(\sigma=\frac{A}{B}\in(0,1)\). For an ωperiodic function \(f\in C(\mathrm{R}, \mathrm{R})\), we define
Let \(g(x)=x^{\gamma}e^{\delta_{M} x}\). Then it is obvious that \(g(x)\) increases strictly on \([0, \frac{\gamma}{\delta_{M}}]\) and decreases strictly on \([\frac{\gamma}{\delta_{M}},+\infty]\). Thus, there exists unique \(r_{0}\in(\frac{\gamma}{\delta_{M}},+\infty )\) such that \(g(r_{0})=g(\sigma\frac{\gamma}{\delta_{M}})\).
We also make the following assumption:

(S)
\(A\omega\beta_{m} g(r_{0})>r_{0}\).
The proof of the main result is based on the Krasnoselskii fixed point theorem in a cone [26]. First of all, we introduce the definition of a cone in the Banach space.
Definition 1.1
Let X be a Banach space. K is called a cone if it is a closed and nonempty subset of X such that

(i)
\(ax+by\in K\) for all \(x,y\in K\) and \(a,b>0\);

(ii)
\(x, x\in K\) implies \(x=0\).
The Krasnoselskii fixed point theorem in a cone (see [26]) is as follows.
Lemma 1.1
Let X be a Banach space and \(K\subset X\) be a cone in X. Suppose \(\Omega_{1}\) and \(\Omega_{2}\) are open subsets of X with \(0\in\Omega_{1},\overline{\Omega}_{1}\subset\Omega_{2}\), and let
be a completely continuous operator such that one of the following conditions holds:

(i)
\(\Vert \Psi x\Vert \geq \Vert x\Vert , \forall x\in K\cap\partial\Omega_{1}\) and \(\Vert \Psi x\Vert \leq \Vert x\Vert , \forall x\in K\cap\partial \Omega_{2}\);

(ii)
\(\Vert \Psi x\Vert \geq \Vert x\Vert , \forall x\in K\cap\partial\Omega_{2}\) and \(\Vert \Psi x\Vert \leq \Vert x\Vert , \forall x\in K\cap\partial \Omega_{1}\).
Then Ψ has a fixed point in \(K\cap(\overline{\Omega }_{2}\setminus\Omega_{1})\).
Existence of two positive periodic solutions
In this section, we establish some sufficient conditions on the existence of two positive periodic solutions of model (1.3).
Let \(X=\{x(t)\in C(\mathrm{R},\mathrm{R}), x(t)=x(t+\omega), \forall t\in R \}\) and define \(\Vert x\Vert =\sup_{t\in[0,\omega]}x(t)\). Then X is a Banach space with the norm \(\Vert \cdot \Vert \). Let
It is easy to confirm that K is a cone in X.
Define an operator on X as follows:
for \(x\in X\). Obviously, Ψ is a completely continuous operator on X and the existence of an ωperiodic solution of (1.3) is equivalent to find the fixed point of operator Ψ on X.
Lemma 2.1
\(\Psi(K)\subset K\).
Proof
For any \(x\in K\), we have
and
from which we deduce that
This implies that \(\Psi x \in K\) for any \(x\in K\), i.e., \(\Psi(K)\subset K\). □
Theorem 2.1
Suppose that \((S)\) holds. Then (1.3) has at least two ωpositive periodic solutions.
Proof
Since \(\lim_{x\rightarrow0}\beta(t)x^{\gamma}e^{\delta(t)x}=\lim_{x\rightarrow+\infty}\beta(t)x^{\gamma}e^{\delta(t)x}=0\), \(\forall t\in[0,\omega]\), for any sufficiently small constant \(\varepsilon>0\) such that \(B\omega \varepsilon<1\), there are two constants \(r_{1},r_{2}(r_{1}<\frac{\gamma }{\delta_{M}}<r_{0}<r_{2})\) such that
and
Define
where \(r_{3}=\max\{r_{2}+\frac{\gamma}{\delta_{M}}, \frac{B\widetilde {M}\omega}{1B\omega\varepsilon} \}\) and \(\widetilde{M}=\max _{t\in[0,\omega],x\in[0,r_{2}]}\{\beta(t)x^{\gamma}e^{\delta (t)x} \}\).
If \(x\in K\cap\partial\Omega_{1}\), then \(\Vert x\Vert =r_{1}\) and \(x(t)\geq \sigma r_{1}\). From (2.1) and (2.2), we have
which implies that \(\Vert \Psi x\Vert <\Vert x\Vert \) for \(x\in K\cap\partial\Omega_{1}\).
If \(x\in K\cap\partial\Omega_{2}\), then \(\Vert x\Vert =\frac{\gamma}{\delta _{M}}\) and \(x(t)\geq\sigma\frac{\gamma}{\delta_{M}}\). In view of \((S)\), (2.1), and the fact that \(\min_{x\in[\sigma\frac{\gamma}{\delta_{M}},\frac{\gamma }{\delta_{M}}]}g(x)=g(\sigma\frac{\gamma}{\delta_{M}})=g(r_{0})\), we obtain
This implies that \(\Vert \Psi x\Vert >\Vert x\Vert \) for \(x\in K\cap\partial\Omega_{2}\).
If \(x\in K\cap\partial\Omega_{3}\), then \(\Vert x\Vert =r_{0}\) and \(x(t)\geq \sigma r_{0}>\sigma\frac{\gamma}{\delta_{M}}\). Due to (2.1), (2.3), and the fact that \(\min_{x\in[\sigma r_{0},r_{0}]}g(x)=g(r_{0})\), we get
which implies that \(\Vert \Psi x\Vert >\Vert x\Vert \) for \(x\in K\cap\partial\Omega_{3}\).
If \(x\in K\cap\partial\Omega_{4}\), then \(\Vert x\Vert =r_{3}\) and \(x(t)\geq \sigma r_{3}\). From (2.1) and (2.3), we have
which implies that \(\Vert \Psi x\Vert <\Vert x\Vert \) for \(x\in K\cap\partial\Omega _{4}\), where \(E_{1}=\{ss\in[t,t+\omega], 0\leq x(s\tau(s))\leq r_{2} \}\) and \(E_{2}=\{ss\in[t,t+\omega], r_{2}< x(s\tau(s))\leq r_{3} \}\).
Clearly, \(\overline{\Omega}_{1}\subset\Omega_{2}\), \(\overline{\Omega }_{2}\subset\Omega_{3}\), and \(\overline{\Omega}_{3}\subset\Omega_{4}\). Since \(\Psi(K)\subset K\) and Ψ is a completely continuous operator on X, it follows from Lemma 1.1 that Ψ has one fixed point \(x_{1}\in K\cap(\overline{\Omega }_{2}\setminus\Omega_{1})\) and another fixed point \(x_{2}\in K\cap(\overline{\Omega}_{4}\setminus \Omega_{3})\), which are obviously different. Moreover, \(x_{1}(t)\geq \sigma r_{1}>0\) and \(x_{2}(t)\geq\sigma r_{0}>0\). Therefore, \(x_{1}\) and \(x_{2}\) are two positive periodic solutions of (1.3). The proof of Theorem 2.1 is completed. □
Remark 2.1
It is worth mentioning that although the authors of [27] considered the existence of two positive periodic solutions for equation (1.3) with \(\gamma=2\), it is neglected that the two positive periodic solutions might merge into one when they are on the boundary of \(\Omega_{2}\). Here, we have proved that there exist two distinct positive periodic solutions for equation (1.3), which generalizes and improves the result of [27].
An example
In this section, we give an example to support the results obtained in the previous section.
Example 3.1
Consider the following delay differential neoclassical growth model:
Obviously, \(\alpha(t)=0.05+\sin t\), \(\beta(t)=6+\sin t\), \(\delta (t)=2+\cos t\), and \(\tau(t)=2\cos t\) are all 2πperiodic functions, \(\int_{0}^{\omega}\alpha(t)\,dt=0.1\pi>0 \), \(g(x)=x^{3}e^{3x}\), and \(\gamma=3,\omega=2\pi\).
Note that \(A=\frac{e^{0.1\pi}}{e^{0.1\pi}1}\), \(B=\frac{e^{0.1\pi }}{e^{0.1\pi}1}\), \(\sigma=A/B=e^{0.2\pi}\), \(\frac{\gamma}{\delta _{M}}=1\), \(\beta_{m}=5\), \(r_{0}\approx1.6815\). Then we verify conditions (S) as follows:
Therefore, it follows from Theorem 2.1 that (3.1) has at least two 2πpositive periodic solutions.
Remark 3.1
To the best of our knowledge, few authors have considered the existence of two positive periodic solutions for the generalized delay differential neoclassical growth model (1.3). It is clear that all the results in [1, 2, 10, 11, 24] and the references therein cannot be applicable to prove that there exist two 2πpositive periodic solutions for model (3.1). So the results of this paper are essentially new and complement some existing ones in [1, 2, 10, 11, 24].
Conclusions
In this paper, we study the generalized delay differential neoclassical growth model with periodic coefficients and delays. By using the Krasnoselskii fixed point theorem, we have derived conditions on the existence of two positive periodic solutions, which gives a satisfying answer to the open problem mentioned in the Introduction. In the future, we will consider the stability of the two positive periodic solutions for model (1.3), which is an interesting and challenging work.
References
 1.
Matsumoto, A, Szidarovszky, F: Delay differential neoclassical growth model. J. Econ. Behav. Organ. 78, 272289 (2011)
 2.
Matsumoto, A, Szidarovszky, F: Asymptotic behavior of a delay differential neoclassical growth model. Sustainability 5, 440455 (2013)
 3.
Day, R: Irregular growth cycles. Am. Econ. Rev. 72, 406414 (1982)
 4.
Day, R: The emergence of chaos from classical economic growth. Q. J. Econ. 98, 203213 (1983)
 5.
Day, R: Complex Economic Dynamics: An Introduction to Dynamical Systems and Market Mechanism. MIT Press, Cambridge (1994)
 6.
Solow, R: A contribution to the theory of economic growth. Q. J. Econ. 70, 6594 (1956)
 7.
Swan, T: Economic growth and capital accumulation. Econ. Rec. 32, 334361 (1956)
 8.
Puu, T: Attractions, Bifurcations and Chaos: Nonlinear Phenomena in Economics, 2nd edn. Springer, Berlin (2003)
 9.
Bischi, GI, Chiarella, C, Kopel, M, Szidarovszky, F: Nonlinear Oligopolies: Stability and Bifurcation. Springer, Berlin (2010)
 10.
Gurney, W, Blythe, S, Nisbet, R: Nicholson’s blowflies revisited. Nature 287, 1721 (1980)
 11.
Wang, W, Wang, L, Chen, W: Existence and exponential stability of positive almost periodic solution for Nicholsontype delay systems. Nonlinear Anal., Real World Appl. 12, 19381949 (2011)
 12.
Wang, W: Positive periodic solutions of delayed Nicholson’s blowflies models with a nonlinear densitydependent mortality term. Appl. Math. Model. 36, 47084713 (2012)
 13.
Wang, L: Almost periodic solution for Nicholson’s blowflies model with patch structure and linear harvesting terms. Appl. Math. Model. 37, 21532165 (2013)
 14.
Yi, T, Zou, X: Global attractivity of the diffusive Nicholson blowflies equation with Neumann boundary condition: a nonmonotone case. J. Differ. Equ. 245, 33763388 (2008)
 15.
Shu, H, Wang, L, Wu, J: Global dynamics of Nicholson’s blowflies equation revisited: onset and termination of nonlinear oscillations. J. Differ. Equ. 255, 25652586 (2013)
 16.
Liu, B: Global exponential stability of positive periodic solutions for a delayed Nicholson’s blowflies model. J. Math. Anal. Appl. 412, 212221 (2014)
 17.
Chen, Y: Periodic solutions of delayed periodic Nicholson’s blowflies models. Can. Appl. Math. Q. 11, 2328 (2003)
 18.
Berezansky, L, Braverman, E, Idels, L: Nicholson’s blowflies differential equations revisited: main results and open problems. Appl. Math. Model. 34, 14051417 (2010)
 19.
Chen, W, Wang, W: Global exponential stability for a delay differential neoclassical growth model. Adv. Differ. Equ. 2014, 325 (2014)
 20.
Wang, W: The exponential convergence for a delay differential neoclassical growth model with variable delay. Nonlinear Dyn. (2016). doi:10.1007/s1107101630010
 21.
Liu, B: Global exponential stability of positive periodic solutions for a delayed Nicholson’s blowflies model. J. Math. Anal. Appl. 412, 212221 (2014)
 22.
Wu, X, Li, J, Zhou, H: A necessary and sufficient condition for the existence of positive periodic solutions of a model of hematopoiesis. Comput. Math. Appl. 54, 840849 (2007)
 23.
Liu, B: New results on the positive almost periodic solutions for a model of hematopoiesis. Nonlinear Anal., Real World Appl. 17, 252264 (2014)
 24.
Duan, L, Huang, C: Existence and global attractivity of almost periodic solutions for a delayed differential neoclassical growth model. Math. Methods Appl. Sci. (2016). doi:10.1002/mma.4019
 25.
Hou, X, Duan, L, Huang, Z: Permanence and periodic solutions for a class of delay Nicholson’s blowflies models. Appl. Math. Model. 37, 15371544 (2013)
 26.
Deimling, K: Nonlinear Functional Analysis. Springer, New York (1985)
 27.
Zhang, S, Fan, Z: Existence of two positive periodic solutions for Nicholson’s blowflies functional differential equations. Natural Science Journal of Xiangtan University 34, 1115 (2012)
Acknowledgements
This work was supported by the Natural Scientific Research Fund of Zhejiang Province of China (Grant No. LY16A010018) and the National Natural Science Foundation of P.R. China (Grant No. 11301341).
Author information
Affiliations
Corresponding author
Additional information
Competing interests
The authors declare that they have no competing interests.
Authors’ contributions
The authors declare that the study was realized in collaboration with the same responsibility. Both authors read and approved the final version.
Rights and permissions
Open Access This article is distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license, and indicate if changes were made.
About this article
Cite this article
Ning, Z., Wang, W. The existence of two positive periodic solutions for the delay differential neoclassical growth model. Adv Differ Equ 2016, 266 (2016). https://doi.org/10.1186/s136620160995z
Received:
Accepted:
Published:
Keywords
 neoclassical growth model
 positive periodic solution
 delay
 Krasnoselskii’s fixed point theorem