Endogenous Population Growth May Imply Chaos
We consider a discrete-time neoclassical growth model with an endogenous rate of population growth. The resulting one-dimensional map for the capital intensity has a tilted z-shape. Using the theory of nonlinear dynamical systems, we obtain numerical results on the qualitative behavior of time paths for changing parameter values. Besides stable and periodic solutions, erratic time paths may result. In particular, myopic and far-sighted economies - assumed to be characterized by low and high savings rate respectively - are characterized by stable per capita capital stocks, while solutions with chaotic windows exist between these two extremes.
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Volume (Year): 8 (1995)
Issue (Month): 1 (February)
|Contact details of provider:|| Web page: http://www.springer.com|
More information through EDIRC
|Order Information:||Web: http://www.springer.com/economics/population/journal/148/PS2|
When requesting a correction, please mention this item's handle: RePEc:spr:jopoec:v:8:y:1995:i:1:p:59-80. See general information about how to correct material in RePEc.
If references are entirely missing, you can add them using this form.