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NOTE ON ERGODIC CHAOS IN THE RSS MODEL

Published online by Cambridge University Press:  29 August 2012

Paulo S. A. Sousa*
Affiliation:
University of Porto
*
Address correspondence to: Paulo S. A. Sousa, LIAAD-INESC Porto LA, Faculdade de Economia, Universidade do Porto, Rua Dr. Roberto Frias, s/n, 4200-464 Porto, Portugal; e-mail: [email protected].

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.

Type
Notes
Copyright
Copyright © Cambridge University Press 2012 

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References

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