25 Result(s)

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...

Takuma Kunieda, Kazuo Nishimura in Dynamic Games and Applications (2018)

Reference Work Entry In depth

Nikaido, Hukukane (1923–2001)

Hukukane Nikaido graduated from the Department of Mathematics, University of Tokyo, in 1949. While he was a university student he became interested in economics and studied Marx’s Das Kapital, Hicks’s Value and C...

Kazuo Nishimura in The New Palgrave Dictionary of Economics (2018)

Living Reference Work Entry In depth

Nikaido, Hukukane (1923–2001)

Hukukane Nikaido graduated from the Department of Mathematics, University of Tokyo, in 1949. While he was a university student he became interested in economics and studied Marx’s Das Kapital, Hicks’s Value and C...

Kazuo Nishimura in The New Palgrave Dictionary of Economics

Reference Work Entry At a glance

Nikaido, Hukukane (1923–2001)

Hukukane Nikaido graduated from the Department of Mathematics, University of Tokyo, in 1949. While he was a university student he became interested in economics and studied Marx’s Das Kapital, Hicks’s Value and C...

Kazuo Nishimura in The New Palgrave Dictionary of Economics (2008)

Article

Endogenous Fluctuations in Two-Country Models

This paper investigates the interlinkage in the business cycles of large-country economies in a free-trade equilibrium. We consider a two-country, two-good, two-factor general equilibrium model with Cobb-Dougl...

Kazuo Nishimura, Alain Venditti, Makoto Yano in The Japanese Economic Review (2006)

Article

Duality with Sector-Specific Externalities Under Social Constant Returns

We develop dual approaches to quantity and price relationships of production in a general multisectoral model with sector-specific externalities. The production of each good exhibits socially constant returns ...

Kazuo Nishimura, Koji Shimomura, ** Wang in The Japanese Economic Review (2006)

Article

Introduction

Kazuo Nishimura, Makoto Yano in The Japanese Economic Review (2006)

Article

Parents’ Educational Background, Subjects “Good-At” in School and Income: An Empirical Study

We analyze the effects of studying mathematics and of parents’ academic profile on the annual labour income of their children in later life. Data was obtained from graduates of departments of economics at majo...

Junichi Hirata, Kazuo Nishimura, Junko Urasaka… in The Japanese Economic Review (2006)

Chapter

Indeterminacy in Discrete-Time Infinite-Horizon Models

Kazuo Nishimura, Alain Venditti in Handbook on Optimal Growth 1 (2006)

Chapter

Optimal Cycles and Chaos

Tapan Mitra, Kazuo Nishimura, Gerhard Sorger in Handbook on Optimal Growth 1 (2006)

Chapter

On Stationary Optimal Stocks in Optimal Growth Theory: Existence and Uniqueness Results

Tapan Mitra, Kazuo Nishimura in Handbook on Optimal Growth 1 (2006)

Article

Asymmetric Factor Substitutability and Indeterminacy

We consider a discrete-time two-sector CES economy with sector specific external effects in which factor substitutability differs across sectors. For this general model, we provide sufficient conditions on the...

Kazuo Nishimura, Alain Venditti in Journal of Economics (2004)

Article

Working and Training: A Nonlinear Dynamic Analysis of Human Capital Development

We tend to think of workers completing their education and then entering the workforce, where they will gradually develop their skills. In fact, however, a worker’s career may be characterized not only by this...

Kazuo Nishimura, Tadashi Yagi, Makoto Yano in The Japanese Economic Review (2004)

Article

Equilibrium Growth and Nonlinear Dynamics in Continuous-Time Models

Building on recent work on equilibrium growth models with externality, I re-examine earlier results from multi-sector growth models in the continuous-time framework, and study the structural relationship betwe...

Kazuo Nishimura in The Japanese Economic Review (2001)

Chapter

On the Least Upper Bound of Discount Factors that are Compatible with Optimal Period-Three Cycles

In this chapter, we derive, in the standard class of optimal p growth models, the least upper bound of discount factors of future utilities for which a cyclical optimal path of period 3 may emerges.1 On the on...

Kazuo Nishimura, Makoto Yano in Optimization and Chaos (2000)

Chapter

Ergodic Chaos in Optimal Growth Models with Low Discount Rates

Whether or not erratic economic behavior can be explained by models of infinitely-lived rational agents has been discussed in the economic literature for some years. A positive answer to this question was prov...

Kazuo Nishimura, Gerhard Sorger, Makoto Yano in Optimization and Chaos (2000)

Chapter

Optimal Chaos, Nonlinearity and Feasibility Conditions

This chapter presents a new characterization of chaotic optimal capital accumulation by which a chaotic optimal path can be constructed in a simple systematic manner. In the existing literature, it has been de...

Kazuo Nishimura, Makoto Yano in Optimization and Chaos (2000)

Chapter

Non-Linear Dynamics and Chaos in Optimal Growth: A Constructive Exposition

In the recent literature, it has been demonstrated that optimal capital accumulation may be chaotic; see Boldrin and Montrucchio (1986) , and Deneckere and Pelikan (1986). ¹ This finding indicates, as Scheinkman ...

Kazuo Nishimura, Makoto Yano in Optimization and Chaos (2000)