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

Palmisani, Cesare (2008): Una rassegna su alcuni modelli di crescita economica tipo Solow con dinamica caotica.

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.

• Item Type: MPRA Paper
• English Title: A Survey on Chaotic Dynamics in Solow-type Growth Models
• Language: English
• Keywords: Logistic Map, Li-York Chaos, Growth Models, Local Stability, Triangle Stability
• Subjects: A - General Economics and Teaching > A1 - General Economics; A - General Economics and Teaching > A1 - General Economics > A10 - General

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