Non-linear Dynamics in the Infinite Time Horizon Model

Kazuo Nishimura and Gerhard Sorger

Chapter Chapter 2 in Nonlinear Dynamics in Equilibrium Models, 2012, pp 13-47 from Springer

Abstract: Abstract There are two important reasons why economic growth theory became (again) a popular field during the last 15 years. The first one is that recently developed growth theoretic models capture more aspects of economic growth than the models used in the fifties and sixties. Nowadays, models of economic growth try to explain technological progress and innovations, whereas the purpose of traditional models was mainly to describe the process of capital accumulation.

Keywords: Discount Factor; Optimal Path; Topological Entropy; Balance Growth Path; Dynamic Optimization Problem (search for similar items in EconPapers)
Date: 2012
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Journal Article: Non‐linear Dynamics in the Infinite Time Horizon Model (1999)
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DOI: 10.1007/978-3-642-22397-6_2

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