Matsuo, Miki; Nishimura, Kazuo; Sakagami, Tomoya; … - HAL - 2008
In this paper, we study the two-sector CES economy with sector-specific externality (feedback effects) following Nishimura and Venditti \(2004). We characterize the equilibrium paths in the case that allows negative externality. That equilibrium paths were not explicitly discussed by Nishimura...