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NOTE ON ERGODIC CHAOS IN THE RSS MODEL
Published online by Cambridge University Press: 29 August 2012
Abstract
We show the possibility of ergodic chaos in the RSS model, due to Robinson, Solow, and Srinivasan. Moreover, under a relevant parametric regime, we analytically characterize the unique invariant probability measure that describes the statistical properties of a typical trajectory of capital stocks.
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- Copyright © Cambridge University Press 2012
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