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Capital-labor substitution and indeterminacy in continuous-time two-sector models

Abstract

The aim of this paper is to discuss the role of the elasticity of capital-labor substitution on the local determinacy properties of the steady state in a two-sector economy with CES technologies and sector-specific externalities.
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Dates and versions

halshs-00410713 , version 1 (24-08-2009)

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  • HAL Id : halshs-00410713 , version 1

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Jean-Philippe Garnier, Kazuo Nishimura, Alain Venditti. Capital-labor substitution and indeterminacy in continuous-time two-sector models. 2006. ⟨halshs-00410713⟩
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