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Von neumann facets and the dynamic stability of perfect foresight equilibrium paths in neo-classical trade models

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  • Makoto Yano

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  • Makoto Yano, 1990. "Von neumann facets and the dynamic stability of perfect foresight equilibrium paths in neo-classical trade models," Journal of Economics, Springer, vol. 51(1), pages 27-69, February.
  • Handle: RePEc:kap:jeczfn:v:51:y:1990:i:1:p:27-69
    DOI: 10.1007/BF01227366
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    References listed on IDEAS

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    1. Mussa, Michael, 1978. "Dynamic Adjustment in the Heckscher-Ohlin-Samuelson Model," Journal of Political Economy, University of Chicago Press, vol. 86(5), pages 775-791, October.
    2. Yano, Makoto, 1984. "Competitive Equilibria on Turnpikes in a McKenzie Economy, I: A Neighborhood Turnpike Theorem," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 25(3), pages 695-717, October.
    3. Coles, Jeffrey Link, 1985. "Equilibrium Turnpike Theory with Constant Returns to Scale and Possible Heterogeneous Discount Factors," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 26(3), pages 671-679, October.
    4. Ronald W. Jones, 1965. "The Structure of Simple General Equilibrium Models," Journal of Political Economy, University of Chicago Press, vol. 73, pages 557-557.
    5. Acheson, Keith, 1970. "The Aggregation of Heterogeneous Capital Goods and Various Trade Theorems," Journal of Political Economy, University of Chicago Press, vol. 78(3), pages 565-571, May-June.
    6. Lionel W. McKenzie, 2012. "turnpike theory," The New Palgrave Dictionary of Economics,, Palgrave Macmillan.
    7. Ramon Marimon, 1984. "General Equilibrium and Growth Under Uncertainty: The Turnpike Theory," Discussion Papers 624, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    8. Kemp, Murray C. & Khang, Chulsoon, 1974. "A note on steady-state price:Output relationships," Journal of International Economics, Elsevier, vol. 4(2), pages 187-197, May.
    9. Ethier, Wilfred, 1979. "The theorems of international trade in time-phased economies," Journal of International Economics, Elsevier, vol. 9(2), pages 225-238, May.
    10. Bewley, Truman F., 1972. "Existence of equilibria in economies with infinitely many commodities," Journal of Economic Theory, Elsevier, vol. 4(3), pages 514-540, June.
    11. Kemp, Murray C, 1973. "Heterogeneous Capital Goods and Long-Run Stolper-Samuelson Theorems," Australian Economic Papers, Wiley Blackwell, vol. 12(21), pages 253-260, December.
    12. Robert A. Becker, 1980. "On the Long-Run Steady State in a Simple Dynamic Model of Equilibrium with Heterogeneous Households," The Quarterly Journal of Economics, Oxford University Press, vol. 95(2), pages 375-382.
    13. Alexandre Scheinkman, Jose, 1976. "On optimal steady states of n-sector growth models when utility is discounted," Journal of Economic Theory, Elsevier, vol. 12(1), pages 11-30, February.
    14. Bazdarich, Michael J., 1978. "Optimal growth and stages in the balance of payments," Journal of International Economics, Elsevier, vol. 8(3), pages 425-443, August.
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    Cited by:

    1. Harutaka, Takahshi, 2012. "An unbalanced two-sector growth model with constant returns:a turnpike approach," MPRA Paper 37297, University Library of Munich, Germany.
    2. Goenka, Aditya & Nguyen, Manh-Hung, 2020. "General existence of competitive equilibrium in the growth model with an endogenous labor–leisure choice," Journal of Mathematical Economics, Elsevier, vol. 91(C), pages 90-98.
    3. Atsumasa Kondo, 2008. "On The Inefficacy Of Temporary Policy In A Dynamic General Equilibrium With Money," The Japanese Economic Review, Japanese Economic Association, vol. 59(3), pages 324-344, September.
    4. Kazuo Nishimura & Alain Venditti & Makoto Yano, 2014. "Destabilization effect of international trade in a perfect foresight dynamic general equilibrium model," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 55(2), pages 357-392, February.

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