Publication

Morishima's Nonlinear Model of the Cycle: Simplifications and Generalizations

Velupillai, K.V.
Thumbnail Image
Files
Thumbnail Image
paper_0095.pdf
Adobe PDF, 195.17 KB
Identifiers
http://hdl.handle.net/10379/1078
 https://doi.org/10.13025/23071
Publication Date
2005
Keywords
Business cycles, Nonlinear dynamics, Endogenous cycles, Bifurcation theory, Economics
Type
Working Paper
Downloads
Show all metadata
Citation
Velupillai, K.V., (2005) "Morishima's Nonlinear Model of the Cycle: Simplifications and Generalizations" (Working Paper No. 0095) Department of Economics, National University of Ireland, Galway.
Abstract
Michio 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.
Funder
Publisher
National University of Ireland, Galway
Publisher DOI
Rights
Attribution-NonCommercial-NoDerivs 3.0 Ireland
cbn
Collections
Economics (Working Papers)