Capital-labor substitution and indeterminacy in continuous-time two-sector models

The aim of this paper is to discuss the role of the elasticity of capital-labor substitution on the local determinacy properties of the steady state in a two-sector economy with CES technologies and sector-specific externalities.

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Year of publication:	2006
Authors:	Garnier, Jean-Philippe ; Nishimura, Kazuo ; Venditti, Alain
Institutions:	HAL
Subject:	Sector-specific externalities \| constant returns \| capital-labor substitution \| indeterminacy

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Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	View the original document on HAL open archive server: http://halshs.archives-ouvertes.fr/halshs-00410713/en/
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008793513