TARIFF AND EQUILIBRIUM INDETERMINACY: A GLOBAL ANALYSIS

Foreign Trade and Equilibrium Indeterminacy

We show that dependence of production on foreign inputs (or non-producible natural resources) can significantly increase the likelihood of indeterminacy. Payment of imported foreign factors of production may act as a semi-fixed cost, amplifying production externalities and returns to scale, making selffulfilling expectations driven busyness cycles easier to arise. This is demonstrated using a s...

Trade and Indeterminacy in a Dynamic General Equilibrium Model

This paper introduces sector-specific externalities in the Heckscher–Ohlin twocountry dynamic general equilibrium model to show that indeterminacy of the equilibrium path in the world market can occur. Under certain conditions in terms of factor intensities, there are multiple equilibrium paths from the same initial distribution of capital in the world market, and the distribution of capital in...

INDETERMINACY OF CITIZEN-CANDIDATE EQUILIBRIUM By

‏‎a phonological contrastive analysis of kurdish and english‎‏

deposite the different criticisms on contrastive analysis it has been proved that the results of it(when processed)can be usuful in a tefl environment,specially at the level of phonology.this study is an attempt to compare and contrast the sound systems of kurdish and english for pedagogical aims. the consonants,vowels,stress and intonation of the twolanguages are described by the same model-ta...

Equilibrium Indeterminacy in a Model of Constrained Financial Markets

We present a General Equilibrium model with incomplete markets in which assets pay in units of a single good. In our model, agents are constrained to negotiate the same amount of assets at different states of the world. Differently from the standard result of economies with real assets, our model shows the existence of real indeterminacy. The presence of multiple equilibria raises issues relate...