This article investigates the scope for long-run indeterminacies that result from the consideration of intersectoral external effects in a benchmark multisector growth model. Both multiple long-run positions and multiple convergent paths to a given long-run position are considered. Restrictions...

This article focuses on the scope for indeterminacies that originate from global capital stock externalities in the technological set of the reference model of the multisector optimal growth literature. These phenomena are shown to introduce a new class of intersectoral dependency in competitive...