Disequilibrium Dynamics Approach to Cyclical Growth : Prediction of Gross Domestic Product in Japan

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type:論文

type:Article

The disequilibrium dynamics approach was introduced into the multiplier-acceleration principle of the macro economics, deriving the basic equation comprising cubic differential equation. Then, using this basic equation and Japanese GDP data of 1980 and 1981 as well as 1991 and 1992 following the bubble's implosion, attempt was made to predict GDP up to the year 2010, with satisfactory results.

identifier:5

identifier:KJ00004797737

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