Results for Economic Comparative Statics of Steady-States of Higher-Order Discrete Dynamic Systems

18 Pages Posted: 27 Jun 2012  

Raaj Kumar Sah

University of Chicago

Multiple version iconThere are 2 versions of this paper

Date Written: September 1988

Abstract

Non-linear systems of difference equations of various orders arise naturally in many economic models in which the dynamics is explicit. In such contexts, economists often have potential interest in the comparative statics of locally stable steady-states, with respect to the system's parameters.

This paper presents some intuitive and directly usable results for such comparative statics. That is, they establish some usable consequences of qualitative assumptions or information concerning the features of the original dynamic system on the signs and magnitudes of the resulting expressions for comparative statics.

Suggested Citation

Sah, Raaj Kumar, Results for Economic Comparative Statics of Steady-States of Higher-Order Discrete Dynamic Systems (September 1988). Journal of Economic Dynamics and Control, Vol. 24, No. 6, September 2000; Yale University Economic Growth Center Discussion Paper No. 562. Available at SSRN: https://ssrn.com/abstract=2085856

Raaj Kumar Sah (Contact Author)

University of Chicago ( email )

Chicago, IL 60637
United States
+1 773 288 1117 (Phone)

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