Abstract (EN):
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.
Idioma:
Inglês
Tipo (Avaliação Docente):
Científica
Contacto:
psads.g@gmail.com