INVESTMENT IN A TWO-SECTOR DEPENDENT ECONOMY

Stephen J Turnovsky and Partha Sen
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Partha Sen: Delhi School of Economics

No 31, Working papers from Centre for Development Economics, Delhi School of Economics

Abstract: This paper analyzes capital accumulation in a dependent economy model. When the n011traded good is used for investment we obtain a saddle-point structure irrespective of sectoral capital intensities. But relative capital intensities determine how the real exchange rate moves overtime. Some comparative dynamic exercises are performed with different capital intensity assumptions.

Pages: 37 pages
Date: 1995-06
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Citations: View citations in EconPapers (43)

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Related works:
Journal Article: Investment in a Two-Sector Dependent Economy (1995)
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