Intra-industry trade, involuntary unemployment and macroeconomic stability

We introduce taste for variety in a one-sector model of differentiated products with productive labor externalities, considering two OLG countries, one with wage rigidity and the other with full employment. After opening the borders to capital mobility and intra-industry trade, steady state output a...

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Bibliographic Details
Main Author: Riche, Antoine Le (author)
Other Authors: Lloyd-Braga, Teresa (author), Modesto, Leonor (author)
Format: article
Language:eng
Published: 2021
Subjects:
Bifurcations
Indeterminacy
Intra-industry trade
Involuntary unemployment
Taste for variety
Online Access:http://hdl.handle.net/10400.14/36152
Country:Portugal
Oai:oai:repositorio.ucp.pt:10400.14/36152

Internet

http://hdl.handle.net/10400.14/36152

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