Ergodic chaos for non-expansive economic models

摘要

Ergodic chaos is one of the most important concepts in the theory of nonlinear economics. Due to the lack of appropriate sufficient conditions, its reach has not been fully understood. In this paper a sufficient condition for ergodic chaos that covers non-expansive dynamical systems is examined. By analyzing an endogenous growth model as an example, we discuss the breadth of models in which ergodic chaos can emerge.