Nonlinear dynamics and chaos in optimal growth: A constructive exposition

MaRDI QIDQ4499607zbMATH OpenFDO

Authors Kazuo Nishimura, Makoto Yano

Publication date 7 November 2000

zbMATH Keywords

complex nonlinear dynamicsoptimal capital accumulationtwo-sector model

Mathematics Subject Classification ID

Orbit growth in dynamical systems (37C35) Strange attractors, chaotic dynamics of systems with hyperbolic behavior (37D45) Dynamical systems in optimization and economics (37N40) Economic growth models (91B62)

Review text

It is well-known that optimal capital accumulation may be chaotic. However, not much has yet been revealed with respect to the circumstances under which optimal accumulation exhibits complex nonlinear dynamics. The author gives a positive answer to this question. To this end he constructs a two-sector model in which neither factor intensity reversals nor sign changes in the cross partial derivative of a reduced-form utility function occur. For the entire collection see [Zbl 0980.90001].

Recommendations

• Nonlinear Dynamics and Chaos in Optimal Growth: An Example
• Optimal chaos, nonlinearity and feasibility conditions
• scientific article; zbMATH DE number 1322499
• On the indeterminacy of capital accumulation paths

Cited in

(16)

• On the indeterminacy of capital accumulation paths
• Business cycles and complex non-linear dynamics
• Optimal chaos, nonlinearity and feasibility conditions
• On topological chaos in the Robinson-Solow-Srinivasan model
• The dynamics of the Stiglitz policy in the RSS model
• Complicated dynamics and parametric restrictions in the Robinson-Solow-Srinivasan (RSS) model
• Does optimal growth preclude chaos? A theorem on monotonicity
• scientific article; zbMATH DE number 4207186 (Why is no real title available?)
• scientific article; zbMATH DE number 4209882 (Why is no real title available?)
• scientific article; zbMATH DE number 1322499 (Why is no real title available?)
• Social capital as a public good and an oscillatory behaviour
• Optimal chaos, nonlinearity and feasibility conditions
• Nonlinear Dynamics and Chaos in Optimal Growth: An Example
• Nonlinear allometric growth. I. Perfectly cooperative systems
• scientific article; zbMATH DE number 5035756 (Why is no real title available?)
• Chaotic equilibrium dynamics in endogeneous growth models

This page was built for publication: Nonlinear dynamics and chaos in optimal growth: A constructive exposition

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q4499607)