Economics at your fingertips  

Hopf bifurcation in an overlapping generations resource economy with endogenous population growth rate

Burcu Fazlıoğlu (), Sağlam Hüseyin Çağrı and Mustafa Kerem Yüksel ()

Studies in Nonlinear Dynamics & Econometrics, 2016, vol. 20, issue 5, 607-621

Abstract: As scarce environmental resources necessarily put a constraint on population growth, we use more realistic population growth dynamics which contemplates a feedback mechanism between population growth rate and resource availability. We examine the local stability properties in overlapping generations resource economies which takes this feedback mechanism into account. The results indicate that Hopf bifurcation may arise without requiring logistic regeneration or unconventional constraints on parameter values. In particular, Hopf bifurcation is encountered under convex-concave dependence of carrying capacity on the resource availability.

Keywords: endogenous population growth; hopf bifurcation; overlapping generations model; renewable resource (search for similar items in EconPapers)
JEL-codes: D90 Q20 J10 C6 (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link) ... -0007.xml?format=INT (text/html)
For access to full text, subscription to the journal or payment for the individual article is required.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Ordering information: This journal article can be ordered from

Access Statistics for this article

Studies in Nonlinear Dynamics & Econometrics is currently edited by Bruce Mizrach

More articles in Studies in Nonlinear Dynamics & Econometrics from De Gruyter
Bibliographic data for series maintained by Peter Golla ().

Page updated 2020-09-16
Handle: RePEc:bpj:sndecm:v:20:y:2016:i:5:p:607-621:n:1