Morishima's Nonlinear Model of the Cycle: Simplifications and Generalizations
AbstractMichio Morishima's nonlinear model of the trade cycle (Morishima, 1958) is simplified and generalized to show, by means of the Andronov-Hopf bifurcation theorem, the existence of a periodic orbit. In addition, an attempt is made to place Morishima's contribution in the broader tradition of the work of the Japanese School of Nonlinear Trade Cycle Theorists and to place this, in turn, within the context and development of the tradition of mathematical economics in early post-war Japan.
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Bibliographic InfoPaper provided by National University of Ireland Galway, Department of Economics in its series Working Papers with number 0095.
Date of creation: 2005
Date of revision: 2005
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More information through EDIRC
Business Cycles; Nonlinear Dynamics; Endogenous Cycles; Bifurcation Theory;
Other versions of this item:
- K. Vela Velupillai, 2005. "Morishima's nonlinear model of the cycle: simplifications and generalizations," Department of Economics Working Papers 0515, Department of Economics, University of Trento, Italia.
- B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
- C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
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- Hicks, John R, 1974. "Real and Monetary Factors in Economic Fluctuations," Scottish Journal of Political Economy, Scottish Economic Society, vol. 21(3), pages 205-14, November.
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