Autarkic indeterminacy and trade determinacy

Nicholas Sim and Kong Weng Ho ()

International Journal of Economic Theory, 2007, vol. 3, issue 4, 315-328

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.

Date: 2007
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https://doi.org/10.1111/j.1742-7363.2007.00062.x

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Working Paper: Autarkic Indeterminacy and Trade Determinacy (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:bla:ijethy:v:3:y:2007:i:4:p:315-328

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