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

Figure 5

One dimensional bifurcation diagram of map 𝐹 w.r.t. 𝑝 for 𝑠_𝑟=0.7. (a) 𝑘₀=𝑘_𝑀 and the attractor 𝐴_𝑀 is presented; (b) 𝑘₀=𝑘_𝑚 and the attractor 𝐴_𝑚 is presented.

(a)

(b)