Environmental sustainability, nonlinear dynamics and chaos reloaded: 0 matters!
Identifikátory výsledku
Kód výsledku v 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>
Výsledek na webu
<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>
Alternativní jazyky
Jazyk výsledku
angličtina
Název v původním jazyce
Environmental sustainability, nonlinear dynamics and chaos reloaded: 0 matters!
Popis výsledku v původním jazyce
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.
Název v anglickém jazyce
Environmental sustainability, nonlinear dynamics and chaos reloaded: 0 matters!
Popis výsledku anglicky
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.
Klasifikace
Druh
J<sub>imp</sub> - Článek v periodiku v databázi Web of Science
CEP obor
—
OECD FORD obor
50200 - Economics and Business
Návaznosti výsledku
Projekt
<a href="/cs/project/GA20-16701S" target="_blank" >GA20-16701S: Hybridní evoluční hry a ekonomické aplikace</a><br>
Návaznosti
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)
Ostatní
Rok uplatnění
2023
Kód důvěrnosti údajů
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Údaje specifické pro druh výsledku
Název periodika
Communications in Nonlinear Science and Numerical Simulation
ISSN
1007-5704
e-ISSN
1878-7274
Svazek periodika
117
Číslo periodika v rámci svazku
February
Stát vydavatele periodika
US - Spojené státy americké
Počet stran výsledku
12
Strana od-do
106908
Kód UT WoS článku
000882627500025
EID výsledku v databázi Scopus
2-s2.0-85140331959