Chaotic Equilibrium Dynamics in Endogenous Growth Models
نویسندگان
چکیده
We study a class of two-sector endogenous growth models in the presence of a positive external effect. The class of models exhibits global indeterminacy of equilibria. The qualitative properties of a set of examples are analyzed by means of analytical and numerical methods. We also construct robust examples of both topological and ergodic chaos. Journal of Economic Literature Classification Numbers: E30, O41. 2001 Academic Press
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ورودعنوان ژورنال:
- J. Economic Theory
دوره 96 شماره
صفحات -
تاریخ انتشار 2001