TY - JOUR
T1 - Complex behaviour in a piecewise linear dynamic macroeconomic model with endogenous discontinuity
AU - Asano, Takao
AU - Kunieda, Takuma
AU - Shibata, Akihisa
PY - 2012/11
Y1 - 2012/11
N2 - This paper examines the dynamic property of a macroeconomic model developed by Matsuyama [Am. Econ. Rev. 97(2007), pp. 503-516] in detail. It is shown that the model can be transformed into a version of the neuron model analysed by Hata [J. Math. Kyoto Univ. 22(1982), pp. 155-173, Chaos in Neural Network Models (in Japanese), Asakura, Tokyo 1998] and that the system can exhibit either periodic fluctuations or non-periodic (chaotic) fluctuations. © 2012 Copyright Taylor and Francis Group, LLC.
AB - This paper examines the dynamic property of a macroeconomic model developed by Matsuyama [Am. Econ. Rev. 97(2007), pp. 503-516] in detail. It is shown that the model can be transformed into a version of the neuron model analysed by Hata [J. Math. Kyoto Univ. 22(1982), pp. 155-173, Chaos in Neural Network Models (in Japanese), Asakura, Tokyo 1998] and that the system can exhibit either periodic fluctuations or non-periodic (chaotic) fluctuations. © 2012 Copyright Taylor and Francis Group, LLC.
KW - credit cycles
KW - economic dynamics
KW - endogenous technology choice
KW - non-periodic fluctuations
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UR - https://www.scopus.com/record/pubmetrics.uri?eid=2-s2.0-84868286005&origin=recordpage
U2 - 10.1080/10236198.2011.601301
DO - 10.1080/10236198.2011.601301
M3 - RGC 21 - Publication in refereed journal
SN - 1023-6198
VL - 18
SP - 1889
EP - 1898
JO - Journal of Difference Equations and Applications
JF - Journal of Difference Equations and Applications
IS - 11
ER -