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Chaotic Equilibria in a Small, Open, Overlapping-Generations Economy with Child–Parent Externality |
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| Authors: | Kazuo Nishimura & Koji Shimomura |
| Institution: | KIER, Kyoto University, Sakyo, Kyoto, Japan,;RIEB, Kobe University, Nada, Kobe, Japan |
| Abstract: | This paper presents a simple overlapping-generations model of a small open economy with child–parent externality that exhibits chaotic equilibrium dynamics. |
| Keywords: | |