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Endogenous Inequality and Fluctuations in a two-Country Model

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dc.contributor.authorKikuchi, Tomoo
dc.contributor.authorStachurski, John
dc.date.accessioned2015-12-07T22:54:32Z
dc.date.issued2009
dc.date.updated2016-02-24T12:00:49Z
dc.description.abstractWe study a two-country version of Matsuyama's [K. Matsuyama, Financial market globalization, symmetry-breaking, and endogenous inequality of nations, Econometrica 72 (2004) 853-884] world economy model. As in Matsuyama's model, symmetry-breaking can be observed, and symmetry-breaking generates endogenously determined levels of inequality. In addition, we show that when the countries differ in population size, their interaction through credit markets may lead to persistent endogenous fluctuations.
dc.identifier.issn0022-0531
dc.identifier.urihttp://hdl.handle.net/1885/28250
dc.publisherAcademic Press
dc.sourceJournal of Economic Theory
dc.subjectKeywords: Credit market imperfection; Endogenous cycles; Symmetry-breaking; Two-country model
dc.titleEndogenous Inequality and Fluctuations in a two-Country Model
dc.typeJournal article
local.bibliographicCitation.issue4
local.bibliographicCitation.lastpage1571
local.bibliographicCitation.startpage1560
local.contributor.affiliationKikuchi, Tomoo, National University of Singapore
local.contributor.affiliationStachurski, John, College of Business and Economics, ANU
local.contributor.authoruidStachurski, John, u3915156
local.description.embargo2037-12-31
local.description.notesImported from ARIES
local.identifier.absfor140102 - Macroeconomic Theory
local.identifier.absseo910199 - Macroeconomics not elsewhere classified
local.identifier.ariespublicationu9501697xPUB56
local.identifier.citationvolume144
local.identifier.doi10.1016/j.jet.2009.01.001
local.identifier.scopusID2-s2.0-67649353270
local.identifier.thomsonID000268461600008
local.type.statusPublished Version

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