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Una rassegna su alcuni modelli di crescita economica tipo Solow con dinamica caotica
[A Survey on Chaotic Dynamics in Solow-type Growth Models]

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Author Info
Palmisani, Cesare
Abstract

In this paper we review some Solow-type growth models, framed is discrete time, which are able to generate complex dynamic behaviour. For these models put forward by Day (1982, 1983); Böhm and Kaas (2000); and Commendatore (2005) we show that crucial features which could determine the emergence of regular or irregular growth cycles are (i) if the average saving ratio is constant or not; and (ii) the curvature of production function, representing the degree of substitutability between labour and capital. The lower the degree of substitutability, the higher the likelihood of complex behaviour.

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File URL: http://mpra.ub.uni-muenchen.de/9506/
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Publisher Info
Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 9506.

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Date of creation: 01 Jan 2008
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Handle: RePEc:pra:mprapa:9506

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Related research
Keywords: Logistic Map; Li-York Chaos; Growth Models; Local Stability; Triangle Stability;

Find related papers by JEL classification:
A1 - General Economics and Teaching - - General Economics
A10 - General Economics and Teaching - - General Economics - - - General

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