Abstract
As scarce environmental resources necessarily put a constraint on population growth, we use more realistic population growth dynamics which contemplates a feedback mechanism between population growth rate and resource availability. We examine the local stability properties in overlapping generations resource economies which takes this feedback mechanism into account. The results indicate that Hopf bifurcation may arise without requiring logistic regeneration or unconventional constraints on parameter values. In particular, Hopf bifurcation is encountered under convex-concave dependence of carrying capacity on the resource availability.
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©2016 Walter de Gruyter GmbH, Berlin/Boston
Artikel in diesem Heft
- Frontmatter
- Steady-state priors and Bayesian variable selection in VAR forecasting
- Dating US business cycles with macro factors
- Effects of filtering data on testing asymmetry in threshold autoregressive models
- The place of gold in the cross-market dependencies
- Li-Yorke chaos in models with backward dynamics
- Hopf bifurcation in an overlapping generations resource economy with endogenous population growth rate
Artikel in diesem Heft
- Frontmatter
- Steady-state priors and Bayesian variable selection in VAR forecasting
- Dating US business cycles with macro factors
- Effects of filtering data on testing asymmetry in threshold autoregressive models
- The place of gold in the cross-market dependencies
- Li-Yorke chaos in models with backward dynamics
- Hopf bifurcation in an overlapping generations resource economy with endogenous population growth rate