Indeterminacy under constant returns to scale in multisector economies

Econometrica

Volumn 68, Issue 6, 2000, Pages 1541-1548

  Benhabib, Jess ^a   Meng, Qinglai ^b   Nishimura, Kazuo ^c  

^a NEW YORK UNIVERSITY   (United States)

^b CHINESE UNIVERSITY OF HONG KONG   (Hong Kong)

^c KYOTO UNIVERSITY   (Japan)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0000157235     PISSN: 00129682     EISSN: None     Source Type: Journal    
DOI: 10.1111/1468-0262.00173     Document Type: Article

References (12)

1. BASU, S., AND J. G. FERNALD (1997): "Returns to Scale in US Production: Estimates and Implications, " Journal of Political Economy, 105, 249-283.
2. BENHABIB, J., AND R. FARMER (1994): "Indeterminacy and Increasing Returns, " Journal of Economic Theory, 63, 19-41.
3. _ (1996): "Indeterminacy and Sector Specific Externalities, " Journal of Monetary Economics, 37, 397-419.
4. BENHABIB, J., AND K. NISHIMURA (1998): "Indeterminacy and Sunspots with Constant Returns, " Journal of Economic Theory, 81, 58-96.
5. BENHABIB, J., AND R. PERLI (1994): "Uniqueness and Indeterminacy: Transitional Dynamics in a Model of Endogenous Growth, " Journal of Economic Theory, 63, 113-142.
6. BENHABIB, J., R. PERLI, AND D. XIE (1994): "Monopolistic Competition, Indeterminacy and Growth, " Ricerche Economiche, 48, 279-298.
7. BOLDRIN, M., AND A. RUSTICHINI (1994): "Indeterminacy of Equilibria in Models with Infinitely-lived Agents and External Effects, " Econometrica, 62, 323-342.
8. BOND, E. W., P. WANG, AND C. K. YIP (1996): "A General Two-Sector Model of Endogenous Growth with Human and Physical Capital: Balanced Growth and Transitional Dynamics, " Journal of Economic Theory, 68, 149-173.
9. HALL, R. E. (1990): "Invariance Properties of Solow's Productivity Residual, " in Growth, Productivity, Unemployment, ed. by P. Diamond. Cambridge: MIT Press, 71-112.
10. MULLIGAN, C. B., AND X. SALA-I-MARTIN (1993): "Transitional Dynamics in Two-Sector Models of Endogenous Growth, " Quarterly Journal of Economics, 108, 739-773.
11. SCHMITT-GROHÉ, S. (1997): "Comparing Four Models of Aggregate Fluctuations Due to Self-Fulfilling Expectations, " Journal of Economic Theory, 72, 96-147.
12. XIE, D. (1994): "Divergence in Economic Performance: Transitional Dynamics with Multiple Equilibria, " Journal of Economic Theory, 63, 97-11.