Intersectoral External Effects, Multiplicities & Indeterminacies II: The Long-Run Growth Case

J.-P. Drugeon and A. Vendetti

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

Abstract: This article investigates the scope for long-run indeterminacies that result from the consideration of intersectoral external effects in a benchmark multisector growth model. Both multiple long-run positions and multiple convergent paths to a given long-run position are considered. Restrictions for the externalities augmented production set to remain consistent with a growth ray are first derived in the case of a homogeneous indirect utility function.

Keywords: EXTERNALITIES; ECONOMIC GROWTH (search for similar items in EconPapers)
JEL-codes: E32 O41 (search for similar items in EconPapers)
Pages: 23 pages
Date: 1998
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:fth:aixmeq:98a20

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