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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
2002.
Series
CERUM Working Paper, ISSN 1404-5362 ; 51
National Category
Economics
Identifiers
URN: urn:nbn:se:umu:diva-24688OAI: oai:DiVA.org:umu-24688DiVA: diva2:227153
Distributor:
Centrum för regionalvetenskap (CERUM), 90187, Umeå
Available from: 2009-07-09 Created: 2009-07-09 Last updated: 2012-04-02Bibliographically approved

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CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf