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Chaotic Equilibria in a Small, Open, Overlapping-Generations Economy with Child-Parent Externality

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  • Nishimura, Kazuo
  • Shimomura, Koji

Abstract

This paper presents a simple overlapping-generations model of a small open economy with child-parent externality that exhibits chaotic equilibrium dynamics. Copyright 1999 by Blackwell Publishing Ltd.

Suggested Citation

  • Nishimura, Kazuo & Shimomura, Koji, 1999. "Chaotic Equilibria in a Small, Open, Overlapping-Generations Economy with Child-Parent Externality," Review of International Economics, Wiley Blackwell, vol. 7(3), pages 484-492, August.
  • Handle: RePEc:bla:reviec:v:7:y:1999:i:3:p:484-92
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    25. Schlagenhauf, Don E. & Wrase, Jeffrey M., 1995. "Liquidity and real activity in a simple open economy model," Journal of Monetary Economics, Elsevier, pages 431-461.
    26. Backus, David K & Kehoe, Patrick J & Kydland, Finn E, 1994. "Dynamics of the Trade Balance and the Terms of Trade: The J-Curve?," American Economic Review, American Economic Association, pages 84-103.
    27. Meese, Richard A. & Rogoff, Kenneth, 1983. "Empirical exchange rate models of the seventies : Do they fit out of sample?," Journal of International Economics, Elsevier, pages 3-24.
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    More about this item

    JEL classification:

    • D62 - Microeconomics - - Welfare Economics - - - Externalities
    • J13 - Labor and Demographic Economics - - Demographic Economics - - - Fertility; Family Planning; Child Care; Children; Youth

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