Intersectoral External Effects, Multiplicities & Indeterminacies I: The Stationary Case

J.-P. Drugeon and A. Vendetti

G.R.E.Q.A.M. from Universite Aix-Marseille III

Abstract: This article focuses on the scope for indeterminacies that originate from global capital stock externalities in the technological set of the reference model of the multisector optimal growth literature. These phenomena are shown to introduce a new class of intersectoral dependency in competitive economies. Sufficient conditions for local indeterminacies and oscillations are established.

Keywords: EXTERNALITIES (search for similar items in EconPapers)
JEL-codes: E12 E32 O41 (search for similar items in EconPapers)
Pages: 21 pages
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:fth:aixmeq:98a19

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