Exact parametric restrictions for 3-cycles in the RSS model: A complete and comprehensive characterization

B-Tier
Journal: Journal of Mathematical Economics
Year: 2020
Volume: 90
Issue: C
Pages: 48-56

Authors (3)

Score contribution per author:

0.670 = (α=2.01 / 3 authors) × 1.0x B-tier

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

Abstract

This paper presents necessary and sufficient conditions for 3-period cycles in the two-sector Robinson–Solow–Srinivasan (RSS) model, taking as its point of departure an independently-(and simultaneously-) discovered exact discount-factor restriction for a general class of growth models by Mitra and Nishimura–Yano (MNY) in 1996. Our investigation of this remarkable result in the specificity of the RSS model enables a broadened inquiry that goes beyond the discount factor to parameters of labor-productivity and capital-depreciation. Since the RSS model, despite its concrete simplicity, is not covered by the general MNY model, the exact discount-factor restriction presented here does not follow from the MNY theorem, and necessitates new argumentation. Furthermore, we present a novel exact parametric region as our second result.

Technical Details

RePEc Handle
repec:eee:mateco:v:90:y:2020:i:c:p:48-56
Journal Field
Theory
Author Count
3
Added to Database
2026-01-25