Please use this identifier to cite or link to this item:
|Title:||Endogenous inequality and fluctuations in a two-country model|
|Authors:||Kikuchi, T. |
|Keywords:||Credit market imperfection|
|Citation:||Kikuchi, T., Stachurski, J. (2009). Endogenous inequality and fluctuations in a two-country model. Journal of Economic Theory 144 (4) : 1560-1571. ScholarBank@NUS Repository. https://doi.org/10.1016/j.jet.2009.01.001|
|Abstract:||We study a two-country version of Matsuyama's [K. Matsuyama, Financial market globalization, symmetry-breaking, and endogenous inequality of nations, Econometrica 72 (2004) 853-884] world economy model. As in Matsuyama's model, symmetry-breaking can be observed, and symmetry-breaking generates endogenously determined levels of inequality. In addition, we show that when the countries differ in population size, their interaction through credit markets may lead to persistent endogenous fluctuations.©2009 Elsevier Inc. All rights reserved.|
|Source Title:||Journal of Economic Theory|
|Appears in Collections:||Staff Publications|
Show full item record
Files in This Item:
There are no files associated with this item.
checked on May 21, 2018
WEB OF SCIENCETM
checked on Apr 30, 2018
checked on May 26, 2018
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.