Effects of temporal heterogeniety in the Baumol-Wolff productivity growth model

Economic Theory

Volumn 15, Issue 2, 2000, Pages 491-498

  Sedaghat, Hassan ^a  

^a VIRGINIA COMMONWEALTH UNIVERSITY   (United States)

Author keywords

Heterogeneous sectors; Higher order difference equation; Instability; Oscillation; Productivity rate; Reaction times

Indexed keywords

EID: 0034370109     PISSN: 09382259     EISSN: None     Source Type: Journal    
DOI: 10.1007/s001990050025     Document Type: Article

References (13)

1. 1. Arrowsmith, D.K., Place, C.M.: An introduction to dynamical systems. Cambridge: Cambridge University Press 1990
2. 2. Baumol, W.J., Wolff, E.N.: Feedback between R&D and productivity growth: A chaos model. In: Benhabib, J. (ed.) Cycles and chaos in economic equilibrium, pp. 355-373. Princeton: Princeton University Press 1992
3. 3. Elaydi, S.N.: An introduction to difference equations. New York: Springer 1996
4. 4. Hicks, J.R.: A contribution to the theory of the trade cycle. Oxford: Clarendon Press 1965
5. 5. Kocic, V.L., Ladas, G.: Global behavior of nonlinear difference equations of higher order with applications. Dordrecht: Kluwer Academic 1993
6. n-k = 0. Journal of Mathematical Analysis and Applications 188, 719-731 (1994)
7. 7. Lang, S.: Analysis I. Menlo Park: Addison-Wesley 1968
8. 8. LaSalle, J.P.: The stability and control of discrete processes. New York: Springer 1986
9. 9. Li, T-Y, Yorke, J.: Period 3 implies chaos. American Mathematical Monthly 82, 985-992 (1975)
10. 10. Papanicolaou, V.G.: On the asymptotic stability of a class of linear difference equations. Mathematics Magazine 69, 34-43 (1996)
11. 11. Sedaghat, H.: General permanence conditions for nonlinear difference equations of higher order. Journal of Mathematical Analysis and Applications 213, 496-510 (1997)
12. 12. Sedaghat, H.: Geometric stability conditions for higher order difference equations. Journal of Mathematical Analysis and Applications 224, 255-272 (1998)
13. 13. Sedaghat, H.: Bounded oscillations in the Hicks business cycle model and other delay equations. Journal of Difference equations and Applications 4, 325-341 (1998)