IDEAS home Printed from https://ideas.repec.org/p/kyo/wpaper/699.html
   My bibliography  Save this paper

Observability of Chaotic Economic Dynamics in the Matsuyama Model

Author

Listed:
  • Makoto Yano

    (Institute of Economic Research, Kyoto University)

  • Kenji Sato

    (Graduate School of Economics, Kyoto University)

  • Yuichi Furukawa

    (School of Economics, Chukyo University)

Abstract

This study investigates the observability of chaotic economic dynamics in the Matsuyama model of endogenous growth with innovation and capital accumulation. We demonstrate that the Matsuyama system can be an ergodic chaos for a wide range of parameter values; as is well known, in an ergodic chaos, chaotic behavior is observable for almost every initial state while it is not in a topological chaos. This result extends the work of Mitra and Mukherji, who prove the possibility of a topological chaos and demonstrate the observability of a chaos by using bifurcation diagrams.

Suggested Citation

  • Makoto Yano & Kenji Sato & Yuichi Furukawa, 2010. "Observability of Chaotic Economic Dynamics in the Matsuyama Model," KIER Working Papers 699, Kyoto University, Institute of Economic Research.
    • Handle: RePEc:kyo:wpaper:699
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kyo:wpaper:699. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Makoto Watanabe (email available below). General contact details of provider: https://edirc.repec.org/data/iekyojp.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.