Trade and Indeterminacy in a Dynamic General Equilibrium Model
Trade and Indeterminacy in a Dynamic General Equilibrium Model
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动态一般均衡模型中的贸易和不确定性
DOI：
10.1006/jeth.2001.2892
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发表时间：
2002
期刊：
影响因子：
--
通讯作者：
Koji Shimomura
中科院分区：
文献类型：
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作者：
K. Nishimura;Koji Shimomura
本文在Heckscher-Ohlin两国动态一般均衡模型中引入了特定部门的外部性，证明了市场均衡路径的不确定性。在一定的要素强度条件下，世界市场上相同的初始资本分配会产生多条均衡路径，而资本在均衡路径上的极限分配是不同的。
This paper introduces sector-specific externalities in the Heckscher-Ohlin two-country dynamic general equilibrium model to show that indeterminacy of the equilibrium path in the would market can occur. Under certain conditions in terms of factor intensities, there are multiple equilibrium paths from the same initial distribution of capital in the world market, and the distribution of capital in the limit differs among equilibrium paths.