Environmental sustainability, nonlinear dynamics and chaos reloaded: 0 matters!

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F23%3A10250896" target="_blank" >RIV/61989100:27510/23:10250896 - isvavai.cz</a>
Result on the web
<a href="https://www.sciencedirect.com/science/article/abs/pii/S1007570422003951?via%3Dihub" target="_blank" >https://www.sciencedirect.com/science/article/abs/pii/S1007570422003951?via%3Dihub</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1016/j.cnsns.2022.106908" target="_blank" >10.1016/j.cnsns.2022.106908</a>

Result language
angličtina
Original language name
Environmental sustainability, nonlinear dynamics and chaos reloaded: 0 matters!
Original language description
In this paper, we reconsider the overlapping generations (OLG) environmental model introduced in John and Pecchenino (1994) and Zhang (1999) by adopting the specification of the environmental dynamics proposed by Naimzada and Sodini (2010). The model is characterized by two different regimes that may alternate: one in which environmental evolution and economic growth co-evolve in the same direction; the other in which the environmental problem is not internalized by the agents, that is, the agents do not devolve any private resource to the environmental quality, leading to a possible trade-off between environment and economic growth. The analysis of the equilibrium dynamics, described by a two dimensional piecewise smooth map, shows that starting from a parametric configuration in which the dynamics are eventually driven by a unique regime, the increase of the negative effect of the agents' consumption activity ends up in scenarios where the two regimes alternate, determining the rise of stable cycles or the occurrence of chaotic regimes. It is interesting to notice that because of the nonsmoothness of the map, the rise in environmental harm produced by economic activity may induce a sudden transition to chaotic regime. (C) 2022 Elsevier B.V. All rights reserved.
Czech name
—
Czech description
—

Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
—
OECD FORD branch
50200 - Economics and Business

Project
<a href="/en/project/GA20-16701S" target="_blank" >GA20-16701S: Hybrid Evolutionary Games and Economic Applications</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Publication year
2023
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical
Communications in Nonlinear Science and Numerical Simulation
ISSN
1007-5704
e-ISSN
1878-7274
Volume of the periodical
117
Issue of the periodical within the volume
February
Country of publishing house
US - UNITED STATES
Number of pages
12
Pages from-to
106908
UT code for WoS article
000882627500025
EID of the result in the Scopus database
2-s2.0-85140331959

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