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Una rassegna su alcuni modelli di crescita economica tipo Solow con dinamica caotica

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  • 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.

Suggested Citation

  • Palmisani, Cesare, 2008. "Una rassegna su alcuni modelli di crescita economica tipo Solow con dinamica caotica," MPRA Paper 9506, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:9506
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    More about this item

    Keywords

    Logistic Map; Li-York Chaos; Growth Models; Local Stability; Triangle Stability;

    JEL classification:

    • A1 - General Economics and Teaching - - General Economics
    • A10 - General Economics and Teaching - - General Economics - - - General

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