Chaos and sector-specific externalities

DOI10.1016/j.jedc.2009.07.004zbMath1182.91128OpenAlexW2100619009MaRDI QIDQ1042729

David R. Stockman

Publication date: 7 December 2009

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

Full work available at URL: https://doi.org/10.1016/j.jedc.2009.07.004

zbMATH Keywords

chaosdifferential inclusionregime switchingcyclestwo-sector modelglobal indeterminacy

Mathematics Subject Classification ID

Multisectoral models in economics (91B66) Strange attractors, chaotic dynamics of systems with hyperbolic behavior (37D45) Dynamical systems in optimization and economics (37N40) Economic dynamics (91B55)

Related Items (3)

Chaotic sets and Euler equation branching ⋮ Fixed points imply chaos for a class of differential inclusions that arise in economic models ⋮ TARIFF AND EQUILIBRIUM INDETERMINACY: A GLOBAL ANALYSIS

Cites Work

• Chaotic sets and Euler equation branching
• On the stability of the two-sector neoclassical growth model with externalities
• Balanced-budget rules: chaos and deterministic sunspots
• Backward dynamics in economics. The inverse limit approach
• Chaotic dynamics in a cash-in-advance economy
• Indeterminacy and increasing returns
• Uniqueness and indeterminacy: On the dynamics of endogenous growth
• Indeterminacy in a model with sector-specific externalities
• FISCAL POLICY, INCREASING RETURNS, AND ENDOGENOUS FLUCTUATIONS
• The perils of Taylor rules
• Chaotic equilibrium dynamics in endogeneous growth models
• Tracing externalities as sources of indeterminacy.

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