Equilibrium Indeterminacy in a Small Open Economy with Traded and Non-traded Capital
This paper presents the necessary conditions for equilibrium indeterminacy in a small open economy under partial capital mobility. In order to have meaningful transitional dynamics of consumption and capital, I assume that the economy uses two kinds of capital as inputs － traded capital and non-trad...
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| Format: | Article |
| Language: | English |
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Korea Institute for International Economic Policy
2007-12-01
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| Series: | East Asian Economic Review |
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| Online Access: | http://dx.doi.org/10.11644/KIEP.JEAI.2007.11.2.173 |