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In August 2005, a small but important conference took place at Chuo University in Tokyo, Japan. This international conference, 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. Part I of the book deals with Keynesian macrodynamics, which allows for the existence of involuntary unemployment; Part II focuses on nonlinear dynamics, with an emphasis on the complexity that is generated as a result of the nonlinearity of the system; Part III consists of an empirical analysis of spatial economics through geographical relationships with economic activity; and Part IV analyzes the effects of spatial competition between economic organizations or agents on economic performance in a region.
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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
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