A simple model of Schumpeterian growth with complex dynamics

Journal of Economic Dynamics and Control

Volumn 22, Issue 2, 1998, Pages 247-266

  Deissenberg, Christophe ^a   Nyssen, Jules ^b  

^a UNIVERSITÉ DE NANTES   (France)

^b UNIVERSITÉ JEAN MONNET   (France)

Author keywords

Chaotic dynamics; Endogenous growth; Schumpeterian innovation

Indexed keywords

EID: 0031992723     PISSN: 01651889     EISSN: None     Source Type: Journal    
DOI: 10.1016/s0165-1889(97)00057-2     Document Type: Article

References (14)

1. Aghion, Ph. and P. Howitt, 1992, A model of growth through creative destruction, Econometrica 60, 323-351.
2. Boldrin, M. and L. Montrucchio, 1986, On the indeterminacy of capital accumulation paths, Journal of Economic Theory 40, 26-39.
3. Deneckere, R.J. and S. Pelikan, 1986, Competitive chaos, Journal of Economic Theory 40, 13-25.
4. Deneckere, R.J. and K.L. Judd, 1992, Cyclical and chaotic behaviour in a dynamic equilibrium model, with implications for fiscal policy, in: J. Benhabib, ed., Cycles and chaos in economic equilibrium, Chap. 14 (Princeton University Press, Princeton) 308-329.
5. Grossman, G.M. and E. Helpman, 1991, Innovation and growth in the global economy (MIT Press, Cambridge MA).
6. Krugman, P.R., 1990, Endogenous innovation, international trade and growth, in Rethinking International Trade, MIT Press.
7. Li, T.Y. and J.A. Yorke, 1975, Period three implies chaos, American Mathematical Monthly 82, 985-992.
8. Lorenz, H.-W., 1993, Nonlinear dynamical economics and chaotic motion, 2nd ed. (Springer, Berlin, Heidelberg, New York).
9. Lucas, E. Jr., 1988, On the mechanisms of economic development, Journal of Monetary Economics 22, 3-42.
10. Nyssen, J., 1994, Social efficiency of bubbles in the Grossman and Helpman endogenous growth model, Economic Letters 45, 197-202.
11. Romer, P.M., 1986, Increasing returns and long-run growth, Journal of Political Economy 94, 1002-1037.
12. Romer, P.M., 1990, Endogenous technical change, Journal of Political Economy 94, S71-S102.
13. Shleifer, A., 1986, Implementation cycles, Journal of Political Economy 94, 1163-1190.
14. Singer, D., 1978, Stable orbits and bifurcations of maps on the interval, SIAM Journal of Applied Mathematics 35, 260-267.