2018年3月1日
Intermittent transition between synchronization and desynchronization in multi-regional business cycles
Structural Change and Economic Dynamics
- ,
- ,
- ,
- 巻
- 44
- 号
- 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
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- 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
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- 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