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Non-linear Dynamics in the Infinite Time Horizon Model

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Nonlinear Dynamics in Equilibrium Models

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Abstract

There are two important reasons why economic growth theory became (again) a popular field during the last 15 years. The first one is that recently developed growth theoretic models capture more aspects of economic growth than the models used in the fifties and sixties. Nowadays, models of economic growth try to explain technological progress and innovations, whereas the purpose of traditional models was mainly to describe the process of capital accumulation.

Journal of Economic Surveys 13, 619–634, 1999

We thank Donald George, Michael McAleer and Les Oxley for many helpful comments.

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Author information

Authors and Affiliations

  1. Institute of Economic Research, Kyoto University, Kyoto, Japan

    Kazuo Nishimura

  2. Department of Economics, University of Vienna, Vienna, Austria

    Gerhard Sorger

Authors
  1. Kazuo Nishimura
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  2. Gerhard Sorger
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Correspondence to Kazuo Nishimura .

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Editors and Affiliations

  1. , Research School of Economics, Australian National University, Canberra, 0200, Aust Capital Terr, Australia

    John Stachurski

  2. , GREQAM, National Center for Scientific Research, rue de la Charité 2, Marseille, 13002, France

    Alain Venditti

  3. Faculty of Economics, Kyoto University, Yoshida-honmachi, Kyoto, 606-8501, Japan

    Makoto Yano

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Nishimura, K., Sorger, G. (2012). Non-linear Dynamics in the Infinite Time Horizon Model. In: Stachurski, J., Venditti, A., Yano, M. (eds) Nonlinear Dynamics in Equilibrium Models. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-22397-6_2

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