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

Velupillai, K. Vela (2005) Morishima's Nonlinear Model of the Cycle: Simplifications and Generalizations. UNSPECIFIED. (Unpublished)

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    Abstract

    Michio Morishima's nonlinear model of the trade cycle [28]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.

    Item Type: Departmental Technical Report
    Department or Research center: Economics
    Subjects: H Social Sciences > HB Economic Theory
    Uncontrolled Keywords: Business Cycles, Nonlinear Dynamics, Endogenous Cycles, Bifurcation Theory
    Report Number: 15
    Repository staff approval on: 13 Dec 2005

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