Indeterminacy in a model with aggregate and sector-specific externalities

Authors
Harrison, S Weder, M
Citation
S. Harrison et M. Weder, Indeterminacy in a model with aggregate and sector-specific externalities, ECON LETT, 69(2), 2000, pp. 173-179
Citations number
10
Categorie Soggetti
Economics
Journal title
ECONOMICS LETTERS
ISSN journal
01651765 → ACNP
Volume
69
Issue
2
Year of publication
2000
Pages
173 - 179
Database
ISI
SICI code
0165-1765(200011)69:2<173:IIAMWA>2.0.ZU;2-Y
Abstract
We present a two sector dynamic general equilibrium model with both sector- specific and aggregate externalities. We find that including the aggregate effects allows for a trade-off between the sizes of the two types of extern alities needed for indeterminacy. (C) 2000 Elsevier Science S.A. All rights reserved.