Hopf bifurcation in an overlapping generations resource economy with endogenous population growth rate

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dc.citation.epage621en_US
dc.citation.issueNumber5en_US
dc.citation.spage607en_US
dc.citation.volumeNumber20en_US
dc.contributor.authorFazlıoǧlu B.en_US
dc.contributor.authorSaǧlam, H.Ç.en_US
dc.contributor.authorYüksel, M. K.en_US
dc.date.accessioned2018-04-12T10:51:42Z
dc.date.available2018-04-12T10:51:42Z
dc.date.issued2016en_US
dc.departmentDepartment of Economicsen_US
dc.description.abstractAs 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. © 2016 Walter de Gruyter GmbH, Berlin/Boston.en_US
dc.identifier.doi10.1515/snde-2014-0007en_US
dc.identifier.eissn1558-3708
dc.identifier.issn1081-1826
dc.identifier.urihttp://hdl.handle.net/11693/36742en_US
dc.language.isoEnglishen_US
dc.publisherWalter de Gruyteren_US
dc.relation.isversionofhttp://dx.doi.org/10.1515/snde-2014-0007en_US
dc.source.titleStudies in Nonlinear Dynamics and Econometricsen_US
dc.subjectEndogenous population growthen_US
dc.subjectHopf bifurcationen_US
dc.subjectOverlapping generations modelen_US
dc.subjectRenewable resourceen_US
dc.titleHopf bifurcation in an overlapping generations resource economy with endogenous population growth rateen_US
dc.typeArticleen_US

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