Indeterminacy in a model with aggregate and sector-specific externalities

Economics Letters

Volumn 69, Issue 2, 2000, Pages 173-179

  Harrison, Sharon ^a   Weder, Mark ^b  

^a Barnard College of Columbia University   (United States)

^b HUMBOLDT UNIVERSITY   (Germany)

Author keywords

E00; E32; Indeterminacy; Production Externalities; Sunspots

Indexed keywords

EID: 0034416336     PISSN: 01651765     EISSN: None     Source Type: Journal    
DOI: 10.1016/s0165-1765(00)00294-9     Document Type: Article

References (11)

1. Basu S., Fernald J.G. Are apparent productive spillovers a figment of specification error? Journal of Monetary Economics. 36:1995;165-188.
2. Basu S., Fernald J. Returns to scale in US production: estimates and implications. Journal of Political Economy. 105:1997;249-283.
3. Benhabib J., Farmer R. Indeterminacy and increasing returns. Journal of Economic Theory. 61:1994;19-41.
4. Benhabib J., Farmer R. Indeterminacy and sector specific externalities. Journal of Monetary Economics. 37:1996;421-434.
5. Benhabib J., Nishimura K. Indeterminacy and sunspots with constant returns to scale. Journal of Economic Theory. 81:1998;58-96.
6. Christiano L., Harrison S. Chaos, sunspots and automatic stabilizers. Journal of Monetary Economics. 44:1999;3-31.
7. Farmer R., Guo J.-T. Real business cycles and the animal spirits hypothesis. Journal of Economic Theory. 63:1994;42-73.
8. Harrison, S., 1998. Evidence on the empirical plausibility of externalities and indeterminacy in a two sector model, Working Paper 98-05, Barnard College.
9. Harrison, S., 1999. Indeterminacy in a model with sector specific externalities, Journal of Economic Dynamics and Control, in press.
10. Weder M. Fickle consumers, durable goods and business cycles. Journal of Economic Theory. 81:1998;37-57.
11. Weder M. Animal spirits, technology shocks and the business cycle. Journal of Economic Dynamics and Control. 24:2000;273-295.