Contents
Preface . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . V
I. Economics of Time: Keynesian Macrodynamics
1. A Sophisticatedly Simple Alternative to the New-Keynesian
Phillips Curve
Reiner Franke . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
2. Harrodian Dynamics Under Imperfect Competition:
A Growth-Cycle Model
Hiroyuki Yoshida . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29
3. Endogenous Technical Change: The Evolution from Process
Innovation to Product Innovation
Gang Gong . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41
4. Tobin’s q and Investment in a Model with Multiple Steady States
Mika Kato, Willi Semmler, and Marvin Ofori . . . . . . . . . . . . . . . . 55
5. Significance of the Keynesian Legacy from a Theoretical
Viewpoint: A High-Dimensional Macrodynamic Approach
Toichiro Asada . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 81
II. Economics of Time: Nonlinear Dynamics
6. Instability Problems and Policy Issues in Perfectly Open Economies
Peter Flaschel . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 99
7. Corridor Stability of the Neoclassical Steady State
Akitaka Dohtani, Toshio Inaba, and Hiroshi Osaka . . . . . . . . . . . 129
8. Time-Delayed Dynamic Model of Renewable Resource and
Population
Akio Matsumoto, Mami Suzuki, and Yasuhisa Saito . . . . . . . . . . . 145
IX
9. A Determinantal Criterion of Hopf Bifurcations and Its Application
to Economic Dynamics
Junichi Minagawa . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 161
III. Economics of Space: Empirical Analysis
10. Public- and Private-School Competition: The Spatial Education
Production Function
David M. Brasington . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 175
11. Innovation, R&D Cooperation, and the Geography of Regional
Labor Acquisition
Jaakko Simonen and Philip McCann . . . . . . . . . . . . . . . . . . . . . . . . 205
12. Taxation of Car Commuters’ Employer-Subsidized Parking
Rickard E. Wall . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 227
13. Forest Protection System and Optimal Land-Use Management
Policy in Japan
Masahiro Yabuta and Yasuhito Yamanishi . . . . . . . . . . . . . . . . . . . 239
IV. Economics of Space: Theoretical Analysis
14. Railway Competition in a Park-and-Ride System
Tatsuaki Kuroda and Kazutoshi Miyazawa . . . . . . . . . . . . . . . . . . . 265
15. An Analysis of the Relationship Between Manufacturer’s Profit and
Spatial Economic Structure in the Retail Market
Toshiharu Ishikawa . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 283
16. Redistribution Through Local Competition
Frederick Guy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 297
Subject Index . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 309