In discrete three-dimensional dynamical systems frequently encountered in dynamic general equilibrium models, local indeterminacy -sunspot equilibria - and local bifurcations -endogenous deterministic fluctuations - issues are quite difficult to handle. Pitfalls derive from the fact that in...

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...