A necessary and sufficient condition for the existence of chaotic dynamics in a neoclassical growth model with a pollution effect
摘要
In this paper, we study a neoclassical growth model with a (productivity inhibiting) pollution effect. In particular, we obtain a necessary and sufficient condition for the existence of a topological chaos. We investigate how the condition changes as the strength of the pollution effect changes. This is a new application of a recent result characterising the existence of a topological chaos for a unimodal interval map by Deng et al. (J Econ Theory 201:Article 105446, 2022).