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Public health spending, old age productivity and economic growth: chaotic cycles under perfect foresight

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Figure

Figure 1. A pictorial view of the evolution of both the capital accumulation function Eq
Figure 2. The phase map Eq. (14) with the corresponding steady state when τ  varies.
Table 1. Macroeconomic variables at the steady state when τ  varies.
Figure 3. Bifurcation diagram for τ  when β=2.0.
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