2013 Fiscal Year Final Research Report
Mathematical analysis of complex business cycles and its applications
| Project/Area Number |
24830044
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| Research Category |
Grant-in-Aid for Research Activity Start-up
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| Allocation Type | Single-year Grants |
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| Research Field |
Economic theory
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| Research Institution | Kyoto University |
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Principal Investigator |
KENJI Sato 京都大学, 経済研究所, 研究員 (60634227)
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| Project Period (FY) |
2012-08-31 – 2014-03-31
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| Keywords | 非線形経済動学 / 経済理論 |
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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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