This paper aims to study the influence of nonlinear pollution accumulation on economic growth by incorporating the nonlinear pollution accumulation into an OLG model. It is shown that the nonlinearity can yield very complex dynamics, including the flip bifurcation resulting in sustained...

A bifurcation occurs when there is a sudden qualitative or topological change in the behavior of the original system by varying one or more parameters (the bifurcation parameters) of the original system. Bifurcation can cause unacceptable new conditions or instability in the economy system. Its...