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Existence of aperiodic time-dependent solutions in optimal growth economy with three sectors

 

作者: WEI-BIN ZHANG,  

 

期刊: International Journal of Systems Science  （Taylor Available online 1989）
卷期: Volume 20, issue 10  

页码: 1943-1953

 

ISSN:0020-7721

 

年代: 1989

 

DOI:10.1080/00207728908910275

 

出版商: Taylor & Francis Group

 

数据来源: Taylor

 

摘要:

The purpose of this study is to guarantee the existence of aperiodic time-dependent solutions in an optimal economic growth model. It is proved that endogenous oscillations may appear when stability is lost by virtue of two pairs of complex conjugate eigenvalues of the linearized system simultaneously crossing the imaginary axis.

 

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