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

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Author Info
Jean-Philippe Garnier () (GREQAM - Groupement de Recherche en Économie Quantitative d'Aix-Marseille - Université de la Méditerranée - Aix-Marseille II - Université Paul Cézanne - Aix-Marseille III - Ecole des Hautes Etudes en Sciences Sociales - CNRS : UMR6579)
Kazuo Nishimura (Kyoto University - Kyoto University)
Alain Venditti () (GREQAM - Groupement de Recherche en Économie Quantitative d'Aix-Marseille - Université de la Méditerranée - Aix-Marseille II - Université Paul Cézanne - Aix-Marseille III - Ecole des Hautes Etudes en Sciences Sociales - CNRS : UMR6579)

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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.

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File URL: http://halshs.archives-ouvertes.fr/docs/00/41/07/13/PDF/2006-35.pdf
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Publisher Info
Paper provided by HAL in its series Working Papers with number halshs-00410713_v1.

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Date of creation: 2006
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Handle: RePEc:hal:wpaper:halshs-00410713_v1

Note: View the original document on HAL open archive server: http://halshs.archives-ouvertes.fr/halshs-00410713/en/
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Related research
Keywords: Sector-specific externalities; constant returns; capital-labor substitution; indeterminacy.;

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This page was last updated on 2010-1-5.

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