Can tori arise in a two–regional model with fixed exchange rates

Peter Maličký () and Rudolf Zimka ()

Operations Research and Decisions, 2009, vol. 19, issue 1, 103-119

Abstract: A two-regional, five dimensional model describing the development of income, capital stock and money stock, which was introduced by T. Asada in [1], is analysed. Sufficient conditions are found for the existence of two pairs of purely imaginary eigenvalues and a fifth negative one for the linear approximation matrix of the model. A theorem on the existence of invariant tori is presented.

Keywords: dynamic model; equilibrium; linear approximatiomatrix; eigenvalues; normal form of differential equations on invariant surface; bifurcation equation; torus (search for similar items in EconPapers)
Date: 2009
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ord.pwr.edu.pl/assets/papers_archive/125%20-%20published.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wut:journl:v:1:y:2009:p:103-119

Access Statistics for this article

More articles in Operations Research and Decisions from Wroclaw University of Science and Technology, Faculty of Management Contact information at EDIRC.
Bibliographic data for series maintained by Adam Kasperski ().