Change search
ReferencesLink to record
Permanent link

Direct link
Business Cycles: The Hicksian Floor-Roof Model Revisited
Institute of Mathematics, National Academy of Sciences, Ukraine.
Umeå University, Faculty of Social Sciences, Centre for Regional Science (CERUM).
Department of Economics, University of Urbino, Italy.
2002 (English)Report (Other academic)
Abstract [en]

The Hicksian multiplieraccelerator model with the original floorroof limits to investments is studied for the case of two regions linked by interregional trade. The result is a piecewise linear continuous four dimensional map, which is reduced to three dimensions through the choice of an appropriate distributed consumption lag. The attractors, basins, and bifurcations of the map are studied under assumption of a certain symmetry between the regions. The NeimarkHopf bifurcation for piecewise linear maps is described in detail which gives rise to the appearance of an attracting closed invariant curve homeomorphic to a circle. The structure of resonance regions in the parameter space are investigated.

Place, publisher, year, edition, pages
, CERUM Working Paper, ISSN 1404-5362 ; 51
National Category
URN: urn:nbn:se:umu:diva-24688OAI: diva2:227153
Centrum för regionalvetenskap (CERUM), 90187, Umeå
Available from: 2009-07-09 Created: 2009-07-09 Last updated: 2012-04-02Bibliographically approved

Open Access in DiVA

fulltext(726 kB)139 downloads
File information
File name FULLTEXT01.pdfFile size 726 kBChecksum SHA-512
Type fulltextMimetype application/pdf

Search in DiVA

By author/editor
Puu, Tönu
By organisation
Centre for Regional Science (CERUM)

Search outside of DiVA

GoogleGoogle Scholar
Total: 139 downloads
The number of downloads is the sum of all downloads of full texts. It may include eg previous versions that are now no longer available

Total: 63 hits
ReferencesLink to record
Permanent link

Direct link