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- W2022773220 abstract "Indeterminacy in an economic growth model arises whenever the stable manifold has dimension greater than the number of predetermined initial conditions. The stability (indeterminacy) of transition paths in the Benhabib and Farmer (1996) model of growth is investigated, using both the Lyapunov method and numerical simulation techniques. The sensitivity of transient dynamics is analyzed with respect to the choice of parameter values and with respect to the choice of initial conditions. The likelihood that the business cycle is a pure `sunspot' phenomenon is investigated." @default.
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- W2022773220 title "Indeterminate growth paths and stability" @default.
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- W2022773220 doi "https://doi.org/10.1016/s0165-1889(98)00060-8" @default.
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