Abstract
Considerable works have been done on chaotic dynamics in the field of economic growth and dynamic macroeconomics (see Day and Gang [1], Day [2], Nishimura and Yano [3], Grandmont et al. [4]. The study of chaotic dynamics in economic growth has its root in a paper dating back from 1982 by Richard Day. Our purpose is to consider new aspects of this original contribution. Day’s [5] established the existence of a chaotic growth due to the presence of a ”pollution effect” in the capital stock accumulation process. Two aspects of his paper are under discussion here.
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Dufrénot, G. (1998). Neo-Classical Growth and Complex Dynamics: A Note on Day’s (1982) Model. In: Abraham-Frois, G. (eds) Non-Linear Dynamics and Endogenous Cycles. Lecture Notes in Economics and Mathematical Systems, vol 463. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-58901-0_3
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DOI: https://doi.org/10.1007/978-3-642-58901-0_3
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