Modelling complementarity in monopolistic competition

Kiminori Matsuyama

No 81, Discussion Paper / Institute for Empirical Macroeconomics from Federal Reserve Bank of Minneapolis

Abstract: In recent years, monopolistic competition models have frequently been applied in macroeconomics, international and interregional economics, and economic growth and development. In this paper, I present a highly selective review in this area, with special emphasis on the complementarity and its role of generating multiplier processes, agglomeration, underdevelopment traps, regional disparities, and sustainable growth, or more generally, what Myrdal (1957) called the principle of circular and cumulative causation.

Keywords: Competition; Monopolies (search for similar items in EconPapers)
Date: 1993
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Citations: View citations in EconPapers (9)

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Related works:
Journal Article: Modelling Complementarity in Monopolistic Competition (1993)
Working Paper: Modelling Complementary in Monopolistic Competition (1993)
Working Paper: Modeling Complementarity in Monopolistic Competition (1993)
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