A necessary and sufficient condition for the existence of chaotic dynamics in a neoclassical growth model with a pollution effect

Tomohiro Uchiyama

Papers from arXiv.org

Abstract: In this paper, we study a neoclassical growth model with a (productivity inhibiting) pollution effect. In particular, we obtain a necessary and sufficient condition for the existence of a topological chaos. We investigate how the condition changes as the strength of the pollution effect changes. This is a new application of a recent result characterising the existence of a topological chaos for a unimodal interval map by Deng, Khan, Mitra (2022).

Date: 2023-11
New Economics Papers: this item is included in nep-env and nep-gro
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