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Title:General pattern formation in recursive dynamical systems models in economics PDF Logo
Authors:Xepapadeas, Anastasios
Brock, William
Issue Date:2009
Series/Report no.:Nota di lavoro // Fondazione Eni Enrico Mattei: Sustainable development 49.2009
Abstract:This paper presents a fairly general treatment of recursive infinite horizon forward looking optimizing systems on infinite dimensional spatial domains. It includes optimal control, an analysis of local stability of spatially flat optimal steady states and development of techniques to compute spatially heterogeneous optimal steady states. The paper also develops a concept of rational expectations equilibrium, a local stability analysis for spatially homogeneous rational expectations steady states, and computational techniques for spatially heterogeneous rational expectations steady states.
Subjects:Pattern Formation
Spatial Spillovers
Optimal Control
Spillover Induced Instability
Growth Models
JEL:C61
O41
Document Type:Working Paper
Appears in Collections:FEEM Working Papers, Fondazione Eni Enrico Mattei

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