Karayalcin, Cem; Méndez-Carbajo, Diego; Mitra, Devashish - In: Journal of Evolutionary Economics 14 (2004) 4, pp. 463-481
We use a two-factor, two-sector model to study the effects of economic integration and its reversal in the presence of input-generated external economies in one of the sectors. The equilibrium selection problem that arises is solved by applying a simple trial-and-error learning rule. Economic...