Endogenous cycles in discontinuous growth models

In this paper we consider a discontinuous one-dimensional piecewise linear model describing a neoclassical growth model. These kind of maps are widely used in the applied context. We determine the analytical expressions of border collision bifurcation curves, responsible for the observed dynamics, which consists of attracting cycles of any period and of quasiperiodic trajectories in exceptional cases.

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Year of publication:	2011
Authors:	Tramontana, Fabio ; Gardini, Laura ; Agliari, Anna
Published in:	Mathematics and Computers in Simulation (MATCOM). - Elsevier, ISSN 0378-4754. - Vol. 81.2011, 8, p. 1625-1639
Publisher:	Elsevier
Subject:	Piecewise-linear maps \| Border collision bifurcations \| Discontinuous maps \| Economic growth models

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010870177