Time and Space in Economics

Deals with Keynesian macrodynamics, which allows for the existence of involuntary unemployment. This work focuses on nonlinear dynamics, emphasizing on the complexity that is generated as a result of the nonlinearity of the system. It analyzes the effects of spatial competition between economic organizations on economic performance in a region.

In August 2005, a small but important conference took place at Chuo University in Tokyo, Japan. The Chuo Meeting on Economics of Time and Space 2005 (Chuo METS 05) aimed to enrich the respective disciplines of the economics of time (dynamic economics) and the economics of space (spatial economics) and to expand their applicability in the real world. The chapters contained herein are based on the papers presented at that conference.

I. Economics of Time: Keynesian Macrodynamics
1. A Sophisticatedly Simple Alternative to the New-Keynesian Phillips Curve
2. Harrodian Dynamics Under Imperfect Competition: A Growth-Cycle Model
3. Endogenous Technical Change: The Evolution from Process Innovation to Product Innovation
4. Tobin's q and Investment in a Model with Multiple Steady States
5. Signifi cance of the Keynesian Legacy from a Theoretical Viewpoint: A High-Dimensional Macrodynamic Approach
II. Economics of Time: Nonlinear Dynamics
6. Instability Problems and Policy Issues in Perfectly Open Economies
7. Corridor Stability of the Neoclassical Steady State
8. Time-Delayed Dynamic Model of Renewable Resource and Population
9. A Determinantal Criterion of Hopf Bifurcations and Its Application to Economic Dynamics
III. Economics of Space: Empirical Analysis
10. Public- and Private-School Competition: The Spatial Education Production Function
11. Innovation, R&
D Cooperation, and the Geography of Regional Labor Acquisition
12. Taxation of Car Commuters' Employer-Subsidized Parking
13. Forest Protection System and Optimal Land-Use Management Policy in Japan
IV. Economics of Space: Theoretical Analysis
14. Railway Competition in a Park-and-Ride System
15. An Analysis of the Relationship Between Manufacturer's Profi t and Spatial Economic Structure in the Retail Market
16. Redistribution Through Local Competition