IDEAS home Printed from https://ideas.repec.org/a/ecm/emetrp/v63y1995i4p981-1001.html
   My bibliography  Save this article

Nonlinear Dynamics and Chaos in Optimal Growth: An Example

Author

Listed:
  • Nishimura, Kazuo
  • Yano, Makoto

Abstract

This study demonstrates the possibility of ergodically chaotic optimal accumulation in the case in which future utilities are discounted arbitrarily weakly. For this purpose, the authors use a two-sector model with Leontief production functions and construct a condition under which the optimal transition function is unimodal and expansive. They demonstrate that the set of parameter values satisfying that condition is nonempty no matter how weakly the future utilities are discounted. Copyright 1995 by The Econometric Society.

Suggested Citation

  • Nishimura, Kazuo & Yano, Makoto, 1995. "Nonlinear Dynamics and Chaos in Optimal Growth: An Example," Econometrica, Econometric Society, vol. 63(4), pages 981-1001, July.
    • Handle: RePEc:ecm:emetrp:v:63:y:1995:i:4:p:981-1001
    as

    Download full text from publisher

    File URL: http://links.jstor.org/sici?sici=0012-9682%28199507%2963%3A4%3C981%3ANDACIO%3E2.0.CO%3B2-3&origin=repec
    File Function: full text
    Download Restriction: Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.
    ---><---

    As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.

    Other versions of this item:

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ecm:emetrp:v:63:y:1995:i:4:p:981-1001. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/essssea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.