論文

査読有り
2018年3月1日

Intermittent transition between synchronization and desynchronization in multi-regional business cycles

Structural Change and Economic Dynamics
  • Kunihiko Esashi
  • ,
  • Tamotsu Onozaki
  • ,
  • Yoshitaka Saiki
  • ,
  • Yuzuru Sato

44
開始ページ
68
終了ページ
76
記述言語
英語
掲載種別
研究論文(学術雑誌)
DOI
10.1016/j.strueco.2017.10.005
出版者・発行元
Elsevier B.V.

Empirical studies often conclude that multi-regional business cycles exhibit intermittent transition between synchronization and desynchronization of each regional fluctuations. In this study, we robustly observe this behavior (called chaotic itinerancy) in a model of multi-regional business cycles, in which all regions of a national economy are homogeneous and connected through producers’ behavior based on the average level announced by the government. Although a producer very slowly adjusts his/her output towards the average level, regional business cycles begin to synchronize because of the entrainment effect. Moreover, when a producer emphasizes the profit maximization more and when puts more weight on the average level in his/her decision-making, the economy is more likely to exhibit such intermittent transition. Further, it is clarified that behind intermittent transition exist cycles among periodic orbits with different number of unstable directions.

リンク情報
DOI
https://doi.org/10.1016/j.strueco.2017.10.005
Web of Science
https://gateway.webofknowledge.com/gateway/Gateway.cgi?GWVersion=2&SrcAuth=JSTA_CEL&SrcApp=J_Gate_JST&DestLinkType=FullRecord&KeyUT=WOS:000430648000007&DestApp=WOS_CPL
Scopus
https://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=85033594933&origin=inward
Scopus Citedby
https://www.scopus.com/inward/citedby.uri?partnerID=HzOxMe3b&scp=85033594933&origin=inward
ID情報
  • DOI : 10.1016/j.strueco.2017.10.005
  • ISSN : 0954-349X
  • ORCIDのPut Code : 97997957
  • SCOPUS ID : 85033594933
  • Web of Science ID : WOS:000430648000007

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