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ID 1108
Eprint ID
1108
FullText URL
Author
Ishiyama, Ken-ichi
Abstract
Chaos is one of the most interesting topics in resent economic dynamics. Pohjola(1981) cnstructed a simple discrete-time model htat is capable of generating chaotic growth paths by modifying Goodwin's(1967) growth cycle model. His modification is the introduction of a bargaining uquation. Takamasu(1997) indicated by computer simulations that chaotic movements are observed if Skott's output expansion function(See Skott(1989)) replaced the assumtion of fixed capital-output raio. In this paper we demonstrate the emerence of chaos by allowing for international trade to the Goodwin model. Although it involves some 'bold' assumptions, it is meaningful to construct a framwork of Goodwin model with international trade, because it seemed no work has discussed this problem. The plan of this paper is as follows. We set up our model in section 2, then long-run equilibria of the model are considered in section 3. Dynamic properties of the model are analyzed in sections 4 and 5. The final section summarizes the results of the extension.
Published Date
2001-03
Publication Title
岡山大学大学院文化科学研究科紀要
Publication Title Alternative
Journal of Humanities and Social Sciences
Volume
volume11
Issue
issue1
Publisher
岡山大学大学院文化科学研究科
Publisher Alternative
Graduate School of Humanities and Social Sciences, Okayama University
Start Page
95
End Page
109
NCID
AN10487849
Content Type
Departmental Bulletin Paper
language
日本語
File Version
publisher
Refereed
False
Eprints Journal Name
hss