Inequality of nations and endogenous fluctuations in a two country model

Kikuchi T (2006) Discussion paper / Fakultät für Wirtschaftswissenschaften, Universität Bielefeld.
Bielefeld: Universität Bielefeld.

Diskussionspapier | Veröffentlicht | Englisch
 
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Kikuchi, Tomoo
Abstract / Bemerkung
The aim of this paper is to investigate the spillover effects through an endogenous world interest rate on the inequality of nations. The model of K. Matsuyama (Econometrica 72 (2004)) is explored under the alternative assumption that the world economy consists of two countries, instead of a continuum of small open economies. The two countries possibly differ in their levels of capital stock and in their population sizes. The spillover effects on capital stock through the world interest rate may cause a poor country and a rich country to diverge. Furthermore, unequal population sizes reinforce the unequal distribution of incomes between the two countries. Interaction of countries with unequal population sizes may also cause endogenous fluctuations.
Stichworte
Inequality of nations; Credit market imperfection; Endogenous cycles; Symmetry breaking; Two-country model
Erscheinungsjahr
2006
Ausgabe
554
Page URI
https://pub.uni-bielefeld.de/record/2315632

Zitieren

Kikuchi T. Inequality of nations and endogenous fluctuations in a two country model. Discussion paper / Fakultät für Wirtschaftswissenschaften, Universität Bielefeld. Bielefeld: Universität Bielefeld; 2006.
Kikuchi, T. (2006). Inequality of nations and endogenous fluctuations in a two country model (Discussion paper / Fakultät für Wirtschaftswissenschaften, Universität Bielefeld). Bielefeld: Universität Bielefeld.
Kikuchi, T. (2006). Inequality of nations and endogenous fluctuations in a two country model. Discussion paper / Fakultät für Wirtschaftswissenschaften, Universität Bielefeld, Bielefeld: Universität Bielefeld.
Kikuchi, T., 2006. Inequality of nations and endogenous fluctuations in a two country model, Discussion paper / Fakultät für Wirtschaftswissenschaften, Universität Bielefeld, Bielefeld: Universität Bielefeld.
T. Kikuchi, Inequality of nations and endogenous fluctuations in a two country model, Discussion paper / Fakultät für Wirtschaftswissenschaften, Universität Bielefeld, Bielefeld: Universität Bielefeld, 2006.
Kikuchi, T.: Inequality of nations and endogenous fluctuations in a two country model. Discussion paper / Fakultät für Wirtschaftswissenschaften, Universität Bielefeld. Universität Bielefeld, Bielefeld (2006).
Kikuchi, Tomoo. Inequality of nations and endogenous fluctuations in a two country model. Bielefeld: Universität Bielefeld, 2006. Discussion paper / Fakultät für Wirtschaftswissenschaften, Universität Bielefeld.
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2019-09-06T08:57:53Z
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