NOTE ON ERGODIC CHAOS IN THE RSS MODEL
Paulo S. A. Sousa
Macroeconomic Dynamics, 2013, vol. 17, issue 7, 1519-1524
Abstract:
We show the possibility of ergodic chaos in the RSS model, due to Robinson, Solow, and Srinivasan. Moreover, under a relevant parametric regime, we analytically characterize the unique invariant probability measure that describes the statistical properties of a typical trajectory of capital stocks.
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:cup:macdyn:v:17:y:2013:i:07:p:1519-1524_00
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