Endogenous Population Growth May Imply Chaos.

B-Tier
Journal: Journal of Population Economics
Year: 1995
Volume: 8
Issue: 1
Pages: 59-80

Authors (2)

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We consider a discrete-time neoclassical growth model with an endogenous rate of population growth. The resulting one-dimensional map for the capital intensity has a tilted z-shape. Using the theory of nonlinear dynamical systems, we obtain numerical results on the qualitative behavior of time paths for changing parameter values. Besides stable and periodic solutions, erratic time paths may result. In particular, myopic and far-sighted economies - assumed to be characterized by low and high savings rate respectively - are characterized by stable per capita capital stocks, while solutions with chaotic windows exist between these two extremes.

Technical Details

RePEc Handle
repec:spr:jopoec:v:8:y:1995:i:1:p:59-80
Journal Field
Growth
Author Count
2
Added to Database
2026-01-25