Multiple equilibria in a growth model with monopolistic competition

Economic Theory

Volumn 8, Issue 2, 1996, Pages 251-266

  Galí, Jordi ^a  

^a NEW YORK UNIVERSITY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0030305627     PISSN: 09382259     EISSN: None     Source Type: Journal    
DOI: 10.1007/bf01211817     Document Type: Article

References (29)

1. 1. Aghion, P., Howitt, P.: A model of growth through creative destruction. Econometrica 60, 323-351 (1992)
2. 2. Araujo, A., Scheinkman, J. A.: Maximum principle and transversality condition for concave infinite horizon economic models. J. Econ. Theory 30, 1-16 (1983)
3. 3. Arrow, K. J., Kurz, M.: Public investment, the rate of return, and optimal fiscal policy. Baltimore: Johns Hopkins Press, 1970
4. 4. Barro, R. J.: Economic growth in a cross-section of countries. Quarterly J. Econ. 106, 407-443 (1991)
5. 5. Baumol, W. J., Blackman, S. A. B., Wolff, E. N.: Productivity and American leadership: The long view. Cambridge: MIT Press, 1989
6. 6. Benhabib, J, Farmer, R.: Indeterminacy and growth. J. Econ. Theory 63, 19-41 (1994)
7. 7. Benhabib, J., Galí, J.: On growth and indeterminacy: Some theory and evidence. C. V. Starr Center for Applied Economics, Research Report #95-08. Forthcoming in Carnegie-Rochester Conference Series on Public Policy, 1995
8. 8. Boldrin, M., Rustichini, A.: Indeterminacy of equilibria in models with infinitely-lived agents and external effects. Econometrica 62, 323-342 (1994)
9. 9. Boldrin, M., Woodford, M.: Equilibrium models displaying endogeneous fluctuations and chaos. Journal of Monetary Economics 25, 189-222 (1990)
10. 10. Cass, D.: Optimum growth in an aggregative model of cpapital accumulation. Rev. Econ. Stud. 32, 233-240 (1965)
11. 11. Ciccone, A., Matsuyama, K.: Start-up costs and pecuniary externalities as barriers to economic development. Hoover Institution, unpublished manuscript, 1992
12. 12. Galí, J.: Monopolistic competition, business cycles, and the composition of aggregate demand. J. Econ. Theory 63, 73-96 (1994a)
13. 13. Galí, J.: Multiple equilibria in a growth model with monopolistic competition. Columbia University, unpublished manuscript, (1994b)
14. 14. Galí, J., Zilibotti, F.: Endogenous growth and poverty traps in a Cournotian model. Annales d'Economie et de Statistique 37-38, 197-214 (1995)
15. 15. Galí, J.: Product diversity, endogenous markups, and development traps. Journal of Monetary Economics, forthcoming
16. 16. Galor, O., Ryder, H. E.: Existence, uniqueness, and stability of equilibrium in an overlapping generations model with productive capital. J. Econ. Theory 49, 360-375 (1989)
17. 17. Galor, O.: A two-sector overlapping generations model: A global characterization of the dynamical system. Econometrica 60, 1351-1386 (1992)
18. 18. Jones, L. E., Manuelli, R.: A convex model of equilibrium growth: Theory and policy implications. Journal of Political Economy 98, 1008-1038 (1990)
19. 19. Judd, K.: On the performance of patents. Econometrica 53, 567-585 (1985)
20. 20. Kiyotaki, N.: Multiple expectational equilibria under monopolistic competition. Quart. J. Econ. 103, 695-741 (1988)
21. 21. Koopmans, TC.: On the concept of optimal growth. In: The econometric approach to development planning. Chicago: Randy McNally, 1965
22. 22. Lucas, R. E.: Making a miracle. Econometrica 61, 251-272 (1993)
23. 23. Matsuyama, K.: Increasing returns, industrialization, and indeterminacy of equilibrium. Quart. J. Econ. 106, 617-650 (1991)
24. 24. Rebelo, S.: Long run policy analysis and long run growth. J. Political Econ. 99, 500-521 (1991)
25. 25. Romer, P. M.: Increasing returns and long-run growth. J. Political Econ. 94, 1002-1037 (1986)
26. 26. Romer, P. M.: Endogenous technological change. J. Political Econ. 98, S71-S102 (1990)
27. 27. Ryder, H. E., Heal, G. M.: Optimal growth with intertemporally dependent preferences. Rev. Econ. Stud. 40, 1-31 (1973)
28. 28. Young, A.: Substitution and complementarity in endogenous innovation. Quart. J. Econ. 108, 775-809 (1993)
29. 29. Zilibotti, F.: Endogenous growth and intermediation in an Archipielago economy. Economic Journal 104, 462-474 (1994)