Boundedness of economic variables and Olech's theorem

Kazuyuki Sasakura

doi:10.1007/BF01237521

Boundedness of economic variables and Olech's theorem

Kazuyuki Sasakura^*

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

Abstract

On the basis of Olech's theorem we derive conditions on which any solution path starting from an arbitrary initial point in a two-dimensional bounded region ultimately converges to a unique equilibrium point without escaping from the region during a transition period. Then, using the result, we render one proposition more exact from the economic point of view.

Original language	English
Pages (from-to)	209-217
Number of pages	9
Journal	Journal of Economics Zeitschrift für Nationalökonomie
Volume	56
Issue number	2
DOIs	https://doi.org/10.1007/BF01237521
Publication status	Published - 1992 Jun 1
Externally published	Yes

ASJC Scopus subject areas

Business, Management and Accounting(all)
Economics and Econometrics

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10.1007/BF01237521

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Boundedness of economic variables and Olech's theorem

Abstract

ASJC Scopus subject areas

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