Equilibrium selection in an environmental growth model with a \(S\)-shaped production function

DOI10.1016/J.CHAOS.2019.109432zbMath1489.91156OpenAlexW2980219089MaRDI QIDQ2122412

Paolo Mattana, Danilo Liuzzi, Giovanni Bella, Beatrice Venturi

Publication date: 6 April 2022

Published in: Chaos, Solitons and Fractals (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.chaos.2019.109432

zbMATH Keywords

Bogdanov-Takens bifurcationpolicy-induced heteroclinic orbits\(S\)-shaped production functionpollution externalities

Mathematics Subject Classification ID

Economic growth models (91B62) Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76)

Related Items (2)

Study of irregular dynamics in an economic model: attractor localization and Lyapunov exponents ⋮ Pollution-induced poverty traps via Hopf bifurcation in a minimal integrated economic-environment model

Uses Software

• BifTools

Cites Work

• Unnamed Item
• Global indeterminacy of the equilibrium in the Chamley model of endogenous growth in the vicinity of a Bogdanov-Takens bifurcation
• Pollution diffusion and abatement activities across space and over time
• Local bifurcations of three and four-dimensional systems: A tractable characterization with economic applications
• Optimal Growth with a Convex-Concave Production Function
• Elements of applied bifurcation theory
• The perils of Taylor rules

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