Imbalance effects in the Lucas model: an analytical exploration

Raouf Boucekkine (raouf.boucekkine@univ-amu.fr) and José Ruiz-Tamarit

No 2004008, LIDAM Discussion Papers CORE from Université catholique de Louvain, Center for Operations Research and Econometrics (CORE)

Abstract: In this note, we use a technique analogous to Xie's method (1994) to solve analytically the Lucas model with externality in a specific parametric case. In particular, we characterize the shape of imbalance effects in this model. Our results are entirely consistent with the findings of the related computational literature. Moreover, our analytical investigation tends to show that these findings are robust to the presence of the Lucas externality as long as a unique equilibrium path exists.

Keywords: imbalance effects; Lucas model; externality; analytical solution (search for similar items in EconPapers)
JEL-codes: C61 C62 O41 (search for similar items in EconPapers)
Date: 2004-04
References: Add references at CitEc
Citations: View citations in EconPapers (28)

Downloads: (external link)
https://sites.uclouvain.be/core/publications/coredp/coredp2004.html (text/html)

Related works:
Journal Article: 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)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cor:louvco:2004008

Access Statistics for this paper

More papers in LIDAM Discussion Papers CORE from Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) Voie du Roman Pays 34, 1348 Louvain-la-Neuve (Belgium). Contact information at EDIRC.
Bibliographic data for series maintained by Alain GILLIS (alain.gillis@uclouvain.be).