摘要
The purpose of this paper is to investigate the macroeconomic effect of pollution emission in an overlapping generation system. This is done through constructing an endogenous economy which generates pollution and environment deterioration. It shows how different level of pollution emission could cause complexity such as fold bifurcation in this system. In addition, numerical simulations are provided to show the emergency of complexity.
The purpose of this paper is to investigate the macroeconomic effect of pollution emission in an overlapping generation system. This is done through constructing an endogenous economy which generates pollution and environment deterioration. It shows how different level of pollution emission could cause complexity such as fold bifurcation in this system. In addition, numerical simulations are provided to show the emergency of complexity.
基金
Supported by the National Natural Science Foundation of China(71303181)
the Science Foundation of Ministry of Education of China(11YJC790004)
China Postdoctoral Science Foundation Funded Project(2014M550864)
the Fundamental Research Funds for the Central Universities of China(K50511060001)
supported by China Scholarship Council(201406965014) while the first author was visiting George Mason University
Research Funds for Research Base of Modern Service Industry in Hunan Province(16jdmszd01)
