Chen, Yan; Zhang, Yan - Volkswirtschaftliche Fakultät, … - 2010
, homothetic preferences and productive external effects [Lloyd-Braga et al., 2007. Indeterminacy in dynamic models: When Diamond … on the range of values of increasing returns leading to indeterminacy. We show that under a large enough share of first … period consumption over the wage income, local indeterminacy can easily occur for mild externalities if constant government …