Intersectoral External Effects, Multiplicities & Indeterminacies I: The Stationary Case

This article focuses on the scope for indeterminacies that originate from global capital stock externalities in the technological set of the reference model of the multisector optimal growth literature. These phenomena are shown to introduce a new class of intersectoral dependency in competitive economies. Sufficient conditions for local indeterminacies and oscillations are established.

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Year of publication:	1998
Authors:	Drugeon, J.-P. ; Vendetti, A.
Institutions:	Groupement de Recherche en Économie Quantitative d'Aix-Marseille (GREQAM), Aix-Marseille School of Economics (AMSE)
Subject:	EXTERNALITIES

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Series:	G.R.E.Q.A.M..
Type of publication:	Book / Working Paper
Notes:	21 pages
Classification:	E12 - Keynes; Keynesian; Post-Keynesian ; E32 - Business Fluctuations; Cycles ; O41 - One, Two, and Multisector Growth Models
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005669499