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Global Indeterminacy and Invariant Manifolds Near Homoclinic Orbit to a Real Saddle
[chapter]
2019
Research Advances in Chaos Theory [Working Title]
Preserved Fulltext
In this paper we investigate the dynamic properties of the Romer model. We determine the whole set of conditions which lead to global indeterminacy and the existence of a homoclinic orbit that converges in both forward and backward time to a real saddle equilibrium point. The dynamics near this homoclinic orbit have been investigated. The economic implications are discussed in the conclusions.
doi:10.5772/intechopen.90308
fatcat:34ddk4h27bafrfekqeoqord6du