It is shown in this article that contrary to prevailing beliefs of students in Ricardian Economics, convergence to the stationary state may be prevented by the existence of a limit cycle round it. The possibility of chaotic behavior is also indicated.
Titolo: | "On some dynamic aspects of the Ricardian model of capital accumulation and population growth" |
Autori: | COSTA G |
Autori interni: | |
Anno del prodotto: | 1991 |
Abstract: | It is shown in this article that contrary to prevailing beliefs of students in Ricardian Economics, convergence to the stationary state may be prevented by the existence of a limit cycle round it. The possibility of chaotic behavior is also indicated. |
Appare nelle tipologie: | 2.1 Contributo in volume (Capitolo o Saggio) |
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