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Local and Global Dynamics in a Discrete Time Growth Model with Nonconcave Production Function
Joint Authors
Michetti, Elisabetta
Mammana, Cristiana
Brianzoni, Serena
Source
Discrete Dynamics in Nature and Society
Issue
Vol. 2012, Issue 2012 (31 Dec. 2012), pp.1-22, 22 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2012-12-18
Country of Publication
Egypt
No. of Pages
22
Main Subjects
Abstract EN
We study the dynamics shown by the discrete time neoclassical one-sector growth model with differential savings while assuming a nonconcave production function.
We prove that complex features exhibited are related both to the structure of the coexixting attractors and to their basins.
We also show that complexity emerges if the elasticity of substitution between production factors is low enough and shareholders save more than workers, confirming the results obtained while considering concave production functions.
American Psychological Association (APA)
Brianzoni, Serena& Mammana, Cristiana& Michetti, Elisabetta. 2012. Local and Global Dynamics in a Discrete Time Growth Model with Nonconcave Production Function. Discrete Dynamics in Nature and Society،Vol. 2012, no. 2012, pp.1-22.
https://search.emarefa.net/detail/BIM-479543
Modern Language Association (MLA)
Brianzoni, Serena…[et al.]. Local and Global Dynamics in a Discrete Time Growth Model with Nonconcave Production Function. Discrete Dynamics in Nature and Society No. 2012 (2012), pp.1-22.
https://search.emarefa.net/detail/BIM-479543
American Medical Association (AMA)
Brianzoni, Serena& Mammana, Cristiana& Michetti, Elisabetta. Local and Global Dynamics in a Discrete Time Growth Model with Nonconcave Production Function. Discrete Dynamics in Nature and Society. 2012. Vol. 2012, no. 2012, pp.1-22.
https://search.emarefa.net/detail/BIM-479543
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-479543