haku: @indexterm open economy / yhteensä: 204
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| Tekijä: | Dei, F. |
| Otsikko: | Industrialization and expectations in a small open economy |
| Lehti: | Japanese Economic Review
1998 : JUN, VOL. 49:2, p. 108-118 |
| Asiasana: | INDUSTRIES EXPECTATIONS OPEN ECONOMY |
| Kieli: | eng |
| Tiivistelmä: | The degree of industrialization in a country can be measured by the diversity of intermediate goods produced in the country. The author constructs a small-country model in which this diversity is determined endogenously in the process of industrialization. The model shows that the characteristics of equilibria depend on the substitutability among intermediate goods; particularly when the substitutability is large, there may be multiple equilibria. |
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