Sources of complex dynamics in two-sector growth models
type: Item
instance of: scholarly article
title: Sources of complex dynamics in two-sector growth models
zbMATH Open document ID: 0722.90016
DOI: 10.1016/0165-1889(90)90036-G
author: Michele Boldrin
author: Raymond Deneckere
publication date: 1990-01-01T00:00:00Z
review text: This paper develops a tractable multisectoral dynamic equilibrium model and provides a fairly complete analysis of the dynamics that may arise along the intertemporal competitive equilibrium path. Despite the fact that the environment displays neither random nor deterministic variability, the model may produce oscillations in aggregation variables such as output, consumption, and investment.
Mathematics Subject Classification ID: 91B62
Mathematics Subject Classification ID: 91B66
zbMATH DE Number: 4191367
zbMATH Keywords: economic growth
zbMATH Keywords: multisectoral dynamic equilibrium
zbMATH Keywords: intertemporal competitive equilibrium path
zbMATH Keywords: oscillations
MaRDI profile type: Publication
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full work available at URL: 0165-1889(90)90036-g
OpenAlex ID: W2162366458
published in: Journal of Economic Dynamics and Control
description: scientific article; zbMATH DE number 4191367