| Nonlinear Dynamics, Psychology, and Life Sciences, Vol. 3, Iss. 3, Jul, 1999, pp. 275-299 @1999 Society for Chaos Theory in Psychology & Life Sciences Endogenous Opening Policy and Nonlinear Economic Development — Physical Capital, Human Capital and Economic Structure Abstract: This paper is concerned with nonlinear issues in economic development. We suggest a model of dynamic interdependence of economic development, openness and human capital accumulation. The model provides some insights into complex of modernization of mainland China. We show conditions under which the dynamic system exhibits multiple equilibria, limit cycles or catastrophes. Keywords: Economic development, China, openness, multiple equilibria, limit cycles, catastrophe |