| Budget Amount *help |
¥3,120,000 (Direct Cost: ¥2,400,000、Indirect Cost: ¥720,000)
Fiscal Year 2013: ¥1,430,000 (Direct Cost: ¥1,100,000、Indirect Cost: ¥330,000)
Fiscal Year 2012: ¥1,690,000 (Direct Cost: ¥1,300,000、Indirect Cost: ¥390,000)
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| Research Abstract |
This project is concerned about an investigation of business cycle phenomena by means of the theory of nonlinear economic dynamics. We have proposed and applied a new condition under which a dynamic model exhibits complex behavior. Based on the new theory, a comparative dynamics analysis of a two-sector optimal growth model with respect to factor addition and removal is also proposed. We found that some factors prone to be ignored in models were, in fact, important to determined the behavior. Proposed conditions are based on figures in input-output tables and readily applicable.
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