Autarkic Indeterminacy and Trade Determinacy

NTU Economic Growth Centre Working Paper Series

16 Pages Posted: 5 Jul 2007

See all articles by Nicholas Sim

Nicholas Sim

Boston College - Department of Economics

Kong Weng Ho

Singapore Management University

Date Written: July 2007

Abstract

We extend the model of Nishimura and Shimomura (2002) to consider a two-country framework where under autarky indeterminacy arises in one country but determinacy in the other, and show that indeterminacy could be eliminated when trade takes place between the two.

Keywords: Indeterminacy, Trade, Two-Country Framework

JEL Classification: E32, F00, F11, F43

Suggested Citation

Sim, Nicholas and Ho, Kong Weng, Autarkic Indeterminacy and Trade Determinacy (July 2007). NTU Economic Growth Centre Working Paper Series, Available at SSRN: https://ssrn.com/abstract=998198 or http://dx.doi.org/10.2139/ssrn.998198

Nicholas Sim

Boston College - Department of Economics ( email )

140 Commonwealth Avenue
Chestnut Hill, MA 02467
United States

Kong Weng Ho (Contact Author)

Singapore Management University ( email )

90 Stamford Road
178903
Singapore

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