Una rassegna su alcuni modelli di crescita economica tipo Solow con dinamica caotica
AbstractIn 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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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 9506.
Date of creation: 01 Jan 2008
Date of revision:
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
This paper has been announced in the following NEP Reports:
- NEP-ALL-2008-07-20 (All new papers)
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