Business Cycle Based on Optimal DI Model(Real Economy,Econophysics-Physical Approach to Social and Economic Phenomena-)

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Abstract

We propose a dynamic model for the economic growth (ΔG) and the diffusion index (DI) in order to explain the business cycle. This model is described by equations analogous to the optimal velocity model in traffic flow. In the model there exists a conserved quantity, which corresponds to the total energy in a dynamical system. We found that the business cycle with the period 5-8 years is favorably reproduced, since the model predicts a periodic motion in the conservative system.

Journal

  • Progress of theoretical physics. Supplement = Progress of theoretical physics. Supplement

    Progress of theoretical physics. Supplement = Progress of theoretical physics. Supplement 179, 145-156, 2009-05-22

    Published for the Yukawa Institute for Theoretical Physics and the Physical Society of Japan

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Codes

  • NII Article ID (NAID)
    110007225716
  • NII NACSIS-CAT ID (NCID)
    AA00791466
  • Text Lang
    ENG
  • Article Type
    Journal Article
  • ISSN
    03759687
  • NDL Article ID
    10225451
  • NDL Source Classification
    ZM35(科学技術--物理学)
  • NDL Call No.
    Z53-A468
  • Data Source
    CJP  NDL  NII-ELS  IR 
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