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Observability of Chaotic Economic Dynamics in the Matsuyama Model

Makoto Yano, Kenji Sato, and Yuichi Furukawa

in Dimensions of Economic Theory and Policy: Essays for Anjan Mukherji

Published in print:
2011
Published Online:
September 2012
ISBN:
9780198073970
eISBN:
9780199081615
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198073970.003.0006
Subject:
Economics and Finance, Microeconomics

The interaction between innovation and capital accumulation may give rise to a cyclical equilibrium path in an endogenous growth model. This presents a new mechanism through which two productive ... More


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