Oscillations in optimal growth models

DOI10.1016/0165-1889(87)90009-1zbMATH0657.90020OpenAlexW4247104011MaRDI QIDQ1111448FDOQ1111448

Authors Alfredo Medio

Publication date 1987

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/0165-1889(87)90009-1

zbMATH Keywords

bifurcationsPontryagin maximum principleoptimal growthborder case instabilitylocal saddle point stabilitysaddle point properties

Mathematics Subject Classification ID

General equilibrium theory (91B50) Economic growth models (91B62)

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Cites work

• Competitive equilibrium cycles
• Existence and the Cass-Shell stability condition for Hamiltonian systems of optimal growth
• Existence of solutions of Hamiltonian dynamical systems of economic growth with Marxian savings hypothesis
• Introduction to Hamiltonian dynamics in economics
• Stability of Equilibrium in Dynamic Models of Capital Theory
• Stability of Separable Hamiltonians and Investment Theory
• The Hopf bifurcation and the existence and stability of closed orbits in multisector models of optimal economic growth

Cited in

(16)

• Optimal Cycles and Chaos: A Survey
• Matrix factorizations and their perturbations
• Endogenous cycles in discrete symmetric multisector optimal growth models
• The saddle point property in Hamiltonian systems
• scientific article; zbMATH DE number 2214274 (Why is no real title available?)
• Saddle point property and Hopf bifurcation in continuous optimal growth models: a Lagrangian approach
• Limit cycles in dynamic economic systems
• Bounded solutions and oscillations of concave Lagrangian systems in presence of a discount rate
• The steady-state assumption in oscillating and growing systems
• Existence of aperiodic time-dependent solutions in optimal growth economy with three sectors
• A turnpike theorem for continuous-time optimal-control models
• Turnpike theory. Some new results on the saddle point property of equilibria and on the existence of endogenous cycles
• Saddle-node bifurcations in an optimal growth model with preferences for wealth habit
• On the optimality of limit cycles in dynamic economic systems
• Endogenous cycles with small discounting in multisector optimal growth models: Continuous-time case
• Equilibrium cycling with small discounting

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