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The Hicksian model for two regions with an open economy
Journal: Economic Cybernetics. International scientific journal (Vol.49, No. 1)Publication Date: 2008-04-30
Authors : Sushko I. M. Yanchuk S. V. Didkivska T. V.;
Page : 29-37
Keywords : The Hicksian model; open economy; methods of nonlinear; dynamical systems theory; interregional trade;
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Abstract
The influence of interregional trade on the dynamics of income in two regions linked through import/export investigates in the article. Model of the Hicksian business cycle with a lower limit on investments and an upper limit on the income are proposed. The dynamical properties of the model are studied by means of the methods of nonlinear dynamical systems theory..
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