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Fold Bifurcation Caused by Pollution Emission in an OLG Economy

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  • Cao Dong

    (School of Economics and Management, Xidian University, Xi’an710071, China)

  • Wang Lin

    (Department of Mathematics and Statistics, University of New Brunswick, Fredericton, NB, New Brunswick, Canada)

  • Wang Shouyang

    (Academy of Mathematics and Systems Science, China Academy of Sciences, Beijing100190, China)

Abstract

The purpose of this paper is to investigate the macroeconomic effect of pollution emission in an overlapping generation system. This is done through constructing an endogenous economy which generates pollution and environment deterioration. It shows how different level of pollution emission could cause complexity such as fold bifurcation in this system. In addition, numerical simulations are provided to show the emergency of complexity.

Suggested Citation

  • Cao Dong & Wang Lin & Wang Shouyang, 2017. "Fold Bifurcation Caused by Pollution Emission in an OLG Economy," Journal of Systems Science and Information, De Gruyter, vol. 5(4), pages 302-309, August.
    • Handle: RePEc:bpj:jossai:v:5:y:2017:i:4:p:302-309:n:2
    DOI: 10.21078/JSSI-2017-302-08
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    References listed on IDEAS

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