Capital-labor substitution and indeterminacy in continuous-time two-sector models

Jean-Philippe Garnier (), Kazuo Nishimura and Alain Venditti

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Abstract: The aim of this paper is to discuss the role of the elasticity of capital-labor substitution on the local determinacy properties of the steady state in a two-sector economy with CES technologies and sector-specific externalities.

Keywords: Sector-specific externalities; constant returns; capital-labor substitution; indeterminacy.; indeterminacy (search for similar items in EconPapers)
Date: 2006
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00410713
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Persistent link: https://EconPapers.repec.org/RePEc:hal:wpaper:halshs-00410713

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