source of indeterminacy. …

growth model can be a potential source of local indeterminacy. He also shows that on a high-growth path, the government, by …

indeterminate. After opening the borders, the rigid wage country may export indeterminacy to the full employment country …, particularly if it is big enough. In contrast, when the full employment country is sufficiently big, local indeterminacy, and … fluctuations (associated with local indeterminacy and bifurcations) are possible with smaller externalities, whatever the relative …

indeterminate. After opening the borders, the rigid wage country may export indeterminacy to the full employment country …, particularly if it is big enough. In contrast, when the full employment country is sufficiently big, local indeterminacy, and … fluctuations (associated with local indeterminacy and bifurcations) are possible with smaller externalities, whatever the relative …

imperfect capital markets and show that local indeterminacy always arises independently of the capital market regime. Also, we …

growth model can be a potential source of local indeterminacy. He also shows that on a high-growth path, the government, by …

, taxation policy can generate indeterminacy under plausible parameterizations. The key for this result is that the accumulation …

function of various structural parameters. We show that local indeterminacy occurs through flip and Hopf bifurcations for a …

that indeterminacy of steady states and cycles can easily arise with constant or decreasing social returns to scale, and … increasing social returns are required to generate indeterminacy. …