G2TT
来源类型Discussion paper
规范类型论文
来源IDDP2573
DP2573 Competing for Ownership
Andrew Newman
发表日期2000-10-24
出版年2000
语种英语
摘要This paper presents a small open economy version of the Benhabib and Farmer [2] two sector optimal growth model with production externalities. It is shown that indeterminacy is considerably easier to obtain under a regime of perfect world capital markets than in the closed economy variant. Furthermore, the result is not dependent on high labour supply elasticity since that input is fixed. The paper also examines a variant that takes into account external borrowing constraints and it is shown that the qualitative results on indeterminacy remain basically unaffected by this extension.
主题International Macroeconomics
关键词Indeterminacy Small open economies Increasing returns
URLhttps://cepr.org/publications/dp2573
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/531642
推荐引用方式
GB/T 7714
Andrew Newman. DP2573 Competing for Ownership. 2000.
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