data under the progressive taxation regime (1993-2007), the economy exhibits equilibrium indeterminacy. These results are …

progressive taxation regime (1993-2007), the economy exhibits equilibrium indeterminacy due to the presence of non …

.g., Vasilev (2009), when the economy features saddle-path stability, the presence of a second sector leads to equilibrium … indeterminacy in the model. When public sector production adds to private sector output, the setup exhibits "sink" dynamics, and …