LYAPUNOV STABILITY, REGIONS OF ATTRACTION, AND INDETERMINATE GROWTH PATHS

Authors
RUSSELL T ZECEVIC A
Citation
T. Russell et A. Zecevic, LYAPUNOV STABILITY, REGIONS OF ATTRACTION, AND INDETERMINATE GROWTH PATHS, Economics letters, 58(3), 1998, pp. 319-324
Citations number
4
Categorie Soggetti
Economics
Journal title
Economics letters → ACNP
ISSN journal
01651765
Volume
58
Issue
3
Year of publication
1998
Pages
319 - 324
Database
ISI
SICI code
0165-1765(1998)58:3<319:LSROAA>2.0.ZU;2-W
Abstract
A Lyapunov function is used to provide an explicit solution to a well known indeterminate growth model. Economies within the Lyapunov stable region display little variation in growth experience. On the other ha nd, a wide variation of growth experience is observed when the Lyapuno v region is extended to the region of attraction. (C) 1998 Elsevier Sc ience S.A.