Eventual periodicity in the two-sector RSL model: equilibrium vis-a-vis optimum growth
Eventual periodicity in the two-sector RSL model: equilibrium vis-a-vis optimum growth
复制标题
两部门 RSL 模型中的最终周期性：平衡与最佳增长
DOI：
10.1007/s00199-020-01301-0
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发表时间：
2021
期刊：
影响因子：
1.3
通讯作者：
Khan M. Ali
中科院分区：
文献类型：
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作者：
Deng Liuchun;Fujio Minako;Khan M. Ali
本文在两部门Robinson-Shinkai-Leontief经济增长模型的背景下研究了著名的Li-Yorke混沌的风险周期现象。它定位其（i）存在于特定的参数限制下，包括极端经典的储蓄规范，以及其（ii）不存在于由具有完美预见的无限寿命的代表性代理的优化所产生的储蓄中。这些结果中，罕见的事件，混乱和稳定都汇集在一起的标题下向上和向下的惯性，而实质性的经济利益本身，也突出了经济动力学的现象，可能会走向一个更清晰的定义理解混沌系统。
This paper investigates the well-known phenomenon ofeventualperiodicity of Li–Yorke chaos in the context of the two-sector Robinson–Shinkai–Leontief model of economic growth. It locates its (i) presence under specific parameter restrictions that include the extreme classical saving specification, and its (ii) absence in savings generated by the optimization of an infinitely-lived representative agent with perfect foresight. These results in which rare events, chaos and stability are all brought together under the rubric of upward and downward inertia, while of substantive economic interest of their own, also highlight phenomena in economic dynamics that may go towards a clearer definitional understanding of chaotic systems.