Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/92667 
Autor:innen: 
Erscheinungsjahr: 
2003
Schriftenreihe/Nr.: 
ISER Discussion Paper No. 588
Verlag: 
Osaka University, Institute of Social and Economic Research (ISER), Osaka
Zusammenfassung: 
The stability of cyclical growth within the context of a model in Matsuyama (1999) is examined. It is shown that but for an extreme situation, the two-cycles are unique and a range of parameter values which imply the stability of such cyclical growth is derived. The growth enhancing property of 2-cycles are shown to be retained by any cycle; the results of simulation exercises carried out are reported to show that for very wide range of parameter values, such cyclical growth paths are stable and thus robustness of the conclusions are established. Finally, the configuration of parameters for which the dynamics exhibits complicated (chaotic) behavior is also identified.
Schlagwörter: 
cycles
stability of cycles
robustness
growth
innovation
chaos
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
848.83 kB





Publikationen in EconStor sind urheberrechtlich geschützt.