Nonlinear Dynamics in Equilibrium Models Chaos, Cycles and Indeterminacy /

• Corporate Author: SpringerLink (Online service)
• Other Authors: Stachurski, John (Editor), Venditti, Alain (Editor), Yano, Makoto (Editor)
• Format: Electronic eBook
• Language: English
• Published: Berlin, Heidelberg : Springer Berlin Heidelberg : Imprint: Springer, 2012.
• Subjects: Economic growth.; Economics.; Economic Growth.

Optimal growth theory studies the problem of efficient resource allocation over time, a fundamental concern of economic research. Since the 1970s, the techniques of nonlinear dynamical systems have become a vital tool in optimal growth theory, illuminating dynamics and demonstrating the possibility...