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Indeterminacy with capital utilization and sector-specific externalities

โœ Scribed by Jang-Ting Guo; Sharon G. Harrison


Book ID
117332038
Publisher
Elsevier Science
Year
2001
Tongue
English
Weight
45 KB
Volume
72
Category
Article
ISSN
0165-1765

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Indeterminacy in a model with sector-spe
โœ Sharon G Harrison ๐Ÿ“‚ Article ๐Ÿ“… 2001 ๐Ÿ› Elsevier Science ๐ŸŒ English โš– 201 KB

I examine a model with two sectors of production: consumption and investment. In the model, indeterminacy of equilibria results due to the presence of small sector-speci"c externalities in production. In fact, I "nd that indeterminacy results with a certain, minimum value of the externality in the i