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48 Result(s)
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Kazuo Nishimura
English
Economic Theory/Quantitative Economics/Mathematical Methods
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Article
Knowledge-based structural change
How will structural change unfold beyond the rise of services? Motivated by the observed dynamics within the service sector we propose a model of structural change in which productivity is endogenous and outpu...
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Article
Expectations, beliefs and the business cycle: tracing back to the deep economic drivers
When can exogenous changes in beliefs generate endogenous fluctuations in rational expectation models? We analyze this question in the canonical one-sector and two-sector models of the business cycle with incr...
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Article
Flying or trapped?
We develop a unified theory with endogenous technology choice in human/knowledge capital accumulation to obtain a rich array of development paradigms. The transition from a less productive technology to a more...
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Chapter
Time and Mnemonic Morphism
chapter provides a theoretic formulation for the relationship of the conscious (cognitive) states of an for the , , in terms of nonfunctorially induced mnemonic morphisms. The is recalled by , and ...
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Chapter
Correction to: David Pines and Me
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Chapter
Pollution, Human Capital, and Growth Cycles
To investigate the growth effect of , we apply an optimal growth framework in which human and accumulation are two growth engines. is emitted from the stock of and has a negative impact on the formation...
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Chapter
David Pines and Me
a large number of elements are interrelated and the entire system exhibits complex behavior, the behavior of the individual elements often does not explain the behavior of the whole. This phenomenon is common...
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Chapter
Productive Consumption in a Two-Sector Model of Economic Development
In low-income countries, labor productivity crucially depends on per capita consumption that contributes to good nutrition, health, and education. A higher level of per capita consumption improves each worker’...
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Book
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Article
Finance and Economic Growth in a Dynamic Game
We investigate how the relaxation of financial constraints affects economic growth in a dynamic game of the tragedy of the commons by introducing an imperfect financial market into Tornell and Velasco’s (J Pol...
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Article
Global convergence in an overlap** generations model with two-sided altruism
We study the evolutionary dynamics of an overlap** generations economy with two-sided altruism, where each generation cares about the utilities of its parental generation, its offspring, and its own. We assu...
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Book Series
Studies in Economic Theory
Volume 1 / 1991 to Volume 31 / 2017
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Book
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Chapter
Introduction
This chapter presents a brief overview of the career and main contributions of Professor Jean-Michel Grandmont. It also provides a summarized description of the 16 papers written in his honor by his friends an...
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Chapter
Sunspot Fluctuations in Two-Sector Models with Variable Income Effects
We analyze a version of the Benhabib and Farmer (1996) two-sector model with sector-specific externalities in which we consider a class of utility functions inspired from the one considered in Jaimovich and Rebe...
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Chapter
Homoclinic Orbit and Stationary Sunspot Equilibrium in a Three-Dimensional Continuous-Time Model with a Predetermined Variable
We treat a three-dimensional continuous-time model that includes one predetermined variable and two non-predetermined variables. We assume (1) that the model has a two-dimensional well-located invariant manifo...
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Chapter
An Alternative Proof of the Theorem of Woodford on the Existence of a Sunspot Equilibrium in a Continuous-Time Model
Nishimura and Shigoka, Int J Econ Theory 2:199–216, (2006) has proved a continuous-time version of the theorem of Woodford, Stationary sunspot equilibria: the case of small fluctuations around a deterministic ste...
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Article
Destabilization effect of international trade in a perfect foresight dynamic general equilibrium model
In the present paper, we consider a two-country, two-good, two-factor general equilibrium model with CIES nonlinear preferences, asymmetric technologies across countries and decreasing returns to scale. It is ...
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Article
A dynamic two country Heckscher–Ohlin model with non-homothetic preferences
We examine the properties of a two-country dynamic Heckscher–Ohlin model that allows for preferences to be non-homothetic. We show that the model has a continuum of steady state equilibria under free trade, wi...
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Article
Equilibrium dynamics in discrete-time endogenous growth models with social constant returns
The existing literature establishes possibilities of local determinacy and dynamic indeterminacy in continuous-time two-sector models of endogenous growth with social constant returns. The necessary and suffic...
