Arbeitspapier
Robust cyclical growth
The stability of cyclical growth within the context of a model in Matsuyama (1999) is examined. It is shown that but for an extreme situation, the two-cycles are unique and a range of parameter values which imply the stability of such cyclical growth is derived. The growth enhancing property of 2-cycles are shown to be retained by any cycle; the results of simulation exercises carried out are reported to show that for very wide range of parameter values, such cyclical growth paths are stable and thus robustness of the conclusions are established. Finally, the configuration of parameters for which the dynamics exhibits complicated (chaotic) behavior is also identified.
- Language
-
Englisch
- Bibliographic citation
-
Series: ISER Discussion Paper ; No. 588
- Classification
-
Wirtschaft
- Subject
-
cycles
stability of cycles
robustness
growth
innovation
chaos
Neue Wachstumstheorie
Innovation
Investition
Wachstumszyklus
Simulation
Robustes Verfahren
- Event
-
Geistige Schöpfung
- (who)
-
Mukherji, Anjan
- Event
-
Veröffentlichung
- (who)
-
Osaka University, Institute of Social and Economic Research (ISER)
- (where)
-
Osaka
- (when)
-
2003
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Mukherji, Anjan
- Osaka University, Institute of Social and Economic Research (ISER)
Time of origin
- 2003
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