Periodic solutions of the one-sector growth model: the role of income effects

Kazumichi Iwasa; Gerhard Sorger

doi:10.1016/j.jmateco.2018.07.008

Periodic solutions of the one-sector growth model: the role of income effects

Kazumichi Iwasa
, Gerhard Sorger

Institut für Volkswirtschaftslehre

Veröffentlichungen: Beitrag in Fachzeitschrift › Artikel › Peer Reviewed

Abstract

The discrete-time version of the neoclassical one-sector growth model with elastic labour supply is considered. It is shown that this model can have periodic solutions only if leisure is not a normal good.

Originalsprache	Englisch
Seiten (von - bis)	59-63
Seitenumfang	5
Fachzeitschrift	Journal of Mathematical Economics
Jahrgang	78
DOIs	https://doi.org/10.1016/j.jmateco.2018.07.008
Publikationsstatus	Veröffentlicht - Okt. 2018

ÖFOS 2012

502047 Volkswirtschaftstheorie

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10.1016/j.jmateco.2018.07.008

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title = "Periodic solutions of the one-sector growth model: the role of income effects",

abstract = "The discrete-time version of the neoclassical one-sector growth model with elastic labour supply is considered. It is shown that this model can have periodic solutions only if leisure is not a normal good.",

keywords = "MR, VWL, CHAOS, Optimal growth, Periodic solutions, FLUCTUATIONS, BUSINESS CYCLES, Non-normality of leisure, Elastic labour supply",

author = "Kazumichi Iwasa and Gerhard Sorger",

note = "Publisher Copyright: {\textcopyright} 2018 Elsevier B.V.",

year = "2018",

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doi = "10.1016/j.jmateco.2018.07.008",

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AU - Sorger, Gerhard

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KW - MR

KW - VWL

KW - CHAOS

KW - Optimal growth

KW - Periodic solutions

KW - FLUCTUATIONS

KW - BUSINESS CYCLES

KW - Non-normality of leisure

KW - Elastic labour supply

UR - https://www.scopus.com/pages/publications/85051805003

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DO - 10.1016/j.jmateco.2018.07.008

M3 - Article

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JO - Journal of Mathematical Economics

JF - Journal of Mathematical Economics

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Periodic solutions of the one-sector growth model: the role of income effects

Abstract

ÖFOS 2012

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