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Please use this identifier to cite or link to this item: https://doi.org/10.1016/j.jet.2009.01.001
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dc.titleEndogenous inequality and fluctuations in a two-country model
dc.contributor.authorKikuchi, T.
dc.contributor.authorStachurski, J.
dc.date.accessioned2011-02-24T06:55:11Z
dc.date.available2011-02-24T06:55:11Z
dc.date.issued2009
dc.identifier.citationKikuchi, 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
dc.identifier.issn00220531
dc.identifier.issn10957235
dc.identifier.urihttp://scholarbank.nus.edu.sg/handle/10635/19979
dc.description.abstractWe 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.
dc.description.urihttp://libproxy1.nus.edu.sg/login?url=http://dx.doi.org/10.1016/j.jet.2009.01.001
dc.sourceScopus
dc.subjectCredit market imperfection
dc.subjectEndogenous cycles
dc.subjectSymmetry-breaking
dc.subjectTwo-country model
dc.typeArticle
dc.contributor.departmentECONOMICS
dc.description.doi10.1016/j.jet.2009.01.001
dc.description.sourcetitleJournal of Economic Theory
dc.description.volume144
dc.description.issue4
dc.description.page1560-1571
dc.description.codenJECTA
dc.identifier.isiut000268461600008
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