Imbalance Effects in the Lucas Model: an Analytical Exploration

Raouf Boucekkine () and Ruiz Tamarit Ramon ()
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Ruiz Tamarit Ramon: University of Valencia
Authors registered in the RePEc Author Service: José Ramón Ruiz-Tamarit

The B.E. Journal of Macroeconomics, 2004, vol. 4, issue 1, 19

Abstract: In this note, we extend Xie (JET, 1994) to solve analytically the Lucas model with a weak externality in a specific parametric case. In particular, we characterize the shape of imbalance effects in this model. Our results are mostly consistent with the findings of the related computational literature. Among other analytical findings, we prove that, while U-shaped imbalance effects are not apparent in the Lucas model for the growth rate of output per capita, the level of such a variable may exhibit this shape.

Keywords: Imbalance effects; Lucas model; Externality; Analytical solution (search for similar items in EconPapers)
Date: 2004
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Citations: View citations in EconPapers (26)

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Related works:
Working Paper: Imbalance effects in the Lucas model: an analytical exploration (2004)
Working Paper: Imbalance effects in the Lucas model: an analytical exploration (2004)
Working Paper: Imbalance effects in the Lucas model: An analytical exploration (2004)
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DOI: 10.2202/1534-5998.1232

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