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Article: Environmental sustainability, nonlinear dynamics and chaos

TitleEnvironmental sustainability, nonlinear dynamics and chaos
Authors
KeywordsComplex dynamics
Environmental-growth models
Sustainability
Issue Date1999
PublisherSpringer Verlag. The Journal's web site is located at http://link.springer.de/link/service/journals/00199/index.htm
Citation
Economic Theory, 1999, v. 14 n. 2, p. 489-500 How to Cite?
AbstractThis paper studies the possibility of nonlinear dynamics in a simple overlapping generations model with the environment - the John-Pecchenino (1994) model. We show that if people's concerns towards greener preferences and the maintenance efficiency relative to degradation are not sufficiently high, cyclically or chaotically fluctuating equilibria are more likely to exist; moreover, under a specific condition, a complicated topological structure might emerge. Our short-run analysis complements John and Pecchenino's long-run analysis and our findings suggest that the associated transition towards an environmentally sustainable state is not trivial.
Persistent Identifierhttp://hdl.handle.net/10722/85684
ISSN
2015 Impact Factor: 1.137
2015 SCImago Journal Rankings: 2.097
References

 

DC FieldValueLanguage
dc.contributor.authorZhang, Jen_HK
dc.date.accessioned2010-09-06T09:08:00Z-
dc.date.available2010-09-06T09:08:00Z-
dc.date.issued1999en_HK
dc.identifier.citationEconomic Theory, 1999, v. 14 n. 2, p. 489-500en_HK
dc.identifier.issn0938-2259en_HK
dc.identifier.urihttp://hdl.handle.net/10722/85684-
dc.description.abstractThis paper studies the possibility of nonlinear dynamics in a simple overlapping generations model with the environment - the John-Pecchenino (1994) model. We show that if people's concerns towards greener preferences and the maintenance efficiency relative to degradation are not sufficiently high, cyclically or chaotically fluctuating equilibria are more likely to exist; moreover, under a specific condition, a complicated topological structure might emerge. Our short-run analysis complements John and Pecchenino's long-run analysis and our findings suggest that the associated transition towards an environmentally sustainable state is not trivial.en_HK
dc.languageengen_HK
dc.publisherSpringer Verlag. The Journal's web site is located at http://link.springer.de/link/service/journals/00199/index.htmen_HK
dc.relation.ispartofEconomic Theoryen_HK
dc.subjectComplex dynamicsen_HK
dc.subjectEnvironmental-growth modelsen_HK
dc.subjectSustainabilityen_HK
dc.titleEnvironmental sustainability, nonlinear dynamics and chaosen_HK
dc.typeArticleen_HK
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=0938-2259&volume=14&spage=489&epage=500&date=1999&atitle=Environmental+Sustainability,+Nonlinear+Dynamics+and+Chaosen_HK
dc.identifier.emailZhang, J: jjzhang@econ.hku.hken_HK
dc.identifier.authorityZhang, J=rp01124en_HK
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.scopuseid_2-s2.0-0033415533en_HK
dc.identifier.hkuros43752en_HK
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-0033415533&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume14en_HK
dc.identifier.issue2en_HK
dc.identifier.spage489en_HK
dc.identifier.epage500en_HK
dc.publisher.placeGermanyen_HK
dc.identifier.scopusauthoridZhang, J=55367373100en_HK

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