Autarkic Indeterminacy and Trade Determinacy

Nicholas Sim and Kong Weng Ho ()

No 706, Economic Growth Centre Working Paper Series from Nanyang Technological University, School of Social Sciences, Economic Growth Centre

Abstract: We extend the model of Nishimura and Shimomura (2002) to consider a two-country framework where under autarky indeterminacy arises in one country but determinacy in the other, and show that indeterminacy could be eliminated when trade takes place between the two.

Keywords: Indeterminacy; Trade; Two-Country Framework. (search for similar items in EconPapers)
JEL-codes: E32 F00 F11 F43 (search for similar items in EconPapers)
Pages: 18 pages
Date: 2007-06
New Economics Papers: this item is included in nep-int, nep-mac, nep-opm and nep-sea
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Citations: View citations in EconPapers (13)

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Journal Article: Autarkic indeterminacy and trade determinacy (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:nan:wpaper:0706

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