Local and Global Dynamics in a Discrete Time Growth Model with Nonconcave Production Function

Figure 4

Coexisting attractors of 𝐹 for the parameter values considered in Figure 3 and 𝑝=12. (a) 4-pieces chaotic attractor for the initial condition 𝑘_𝑀; (b) cycle-2 for the initial condition 𝑘_𝑚.

(a)

(b)