Global indeterminacy and equilibrium selection in a model with depletion of non-renewable resources

DOI10.1007/s10203-018-0218-zzbMath1419.91543OpenAlexW2897650253MaRDI QIDQ1715598

Paolo Mattana, Giovanni Bella

Publication date: 29 January 2019

Published in: Decisions in Economics and Finance (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s10203-018-0218-z

zbMATH Keywords

global bifurcation analysisenvironmental taxationmultiple balanced growth pathspolicy-induced heteroclinic orbits

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Bifurcation theory for ordinary differential equations (34C23) Economic growth models (91B62) Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76)

Related Items (1)

Environmental degradation and indeterminacy of equilibrium selection

Cites Work

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• Global indeterminacy of the equilibrium in the Chamley model of endogenous growth in the vicinity of a Bogdanov-Takens bifurcation
• Impatience, pollution, and indeterminacy
• Environmental investment and policy with distortionary taxes, and endogenous growth
• Growth effects of a revenue-neutral environmental tax reform
• Growth and non-renewable resources: The different roles of capital and resource taxes
• Elements of applied bifurcation theory
• The perils of Taylor rules

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