| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 962574 | Journal of International Economics | 2013 | 11 Pages |
Abstract
⺠We examine a dynamic two-country model with production externalities. ⺠We show that equilibrium indeterminacy is closely related to the trade structure. ⺠Indeterminacy easily holds if investment goods are not traded. ⺠In other trade patterns, the indeterminacy conditions are the same as in autarchy. ⺠The long-run wealth distribution in the presence of indeterminacy is discussed.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Yunfang Hu, Kazuo Mino,