Oscillations in optimal growth models

DOI10.1016/0165-1889(87)90009-1zbMath0657.90020OpenAlexW4247104011MaRDI QIDQ1111448

Alfredo Medio

Publication date: 1987

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

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

zbMATH Keywords

bifurcationsoptimal growthPontryagin maximum principleborder case instabilitylocal saddle point stabilitysaddle point properties

Mathematics Subject Classification ID

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

Related Items (10)

Turnpike theory. Some new results on the saddle point property of equilibria and on the existence of endogenous cycles ⋮ Endogenous cycles in discrete symmetric multisector optimal growth models ⋮ Endogenous cycles with small discounting in multisector optimal growth models: Continuous-time case ⋮ Bounded solutions and oscillations of concave Lagrangian systems in presence of a discount rate ⋮ A turnpike theorem for continuous-time optimal-control models ⋮ Limit cycles in dynamic economic systems ⋮ Optimal Cycles and Chaos: A Survey ⋮ Existence of aperiodic time-dependent solutions in optimal growth economy with three sectors ⋮ On the optimality of limit cycles in dynamic economic systems ⋮ Matrix factorizations and their perturbations

Cites Work

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

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