Indeterminancy in a Dynamic Heckscher-Ohlin Model

We show that even under socially constant returns to scale indeterminacy, i.e., a continuum of dynamic general equilibrium paths converging to a common steady state, can arise in a dynamic Heckscher-Ohlin model with production externality and endogenous time preference in which production is incompletely specialized.

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Year of publication:	1999-05
Authors:	Nishimura, Kazuo ; Shimomura, Koji
Institutions:	Research Institute for Economics and Business Administration, Kobe University
Subject:	Mathematical analysis \| International trade \| International economy

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Series:	Discussion Paper Series. - ISSN 1345-2207.
Type of publication:	Book / Working Paper
Notes:	Number 102 14 pages
Classification:	C61 - Optimization Techniques; Programming Models; Dynamic Analysis ; F43 - Economic Growth of Open Economies
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005650722