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.
"On some dynamic aspects of the Ricardian model of capital accumulation and population growth"
COSTA, GIACOMO
1991-01-01
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.File in questo prodotto:
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