Can business cycles arise in a two-regional model with fixed exchange rates?

[1] ASADA, T.: A Two-regional Model of Business Cycles with Fixed Exchange Rates:A Kaldorian Approach. Discuss. Paper Ser., No. 44, Chuo University, Tokyo, Japan, 2003.Search in Google Scholar

[2] ASADA, T.-INABA, T.-MISAWA, T.: An interregional dynamic model: The case offixed exchange rates, Studies in Regional Science 31 (2001), 29-42.10.2457/srs.31.2_29Search in Google Scholar

[3] BIBIKOV, YU. N.: Local Theory of Nonlinear Analytic Ordinary Differential Equations. Lecture Notes in Math., Vol. 702, Springer-Verlag, Berlin, 1979.10.1007/BFb0064649Search in Google Scholar

[4] BIBIKOV, YU. N.: Multifrequency Nonlinear Oscillations and their Biffurcations. The Publishing House of The Saint Petersburg University, Saint Petersburg, 1991. (In Russian)Search in Google Scholar

[5] GANDOLFO, G.: Economic Dynamics. Springer-Verlag, Berlin, 1997.10.1007/978-3-662-06822-9Search in Google Scholar

[6] LIU, W. M.: Criterion of Hopf bifurcations without using eigenvalues, J. Math. Anal. Appl. 182 (1994), 250-256.10.1006/jmaa.1994.1079Search in Google Scholar