Open AccessAutarkic Indeterminacy and Trade Determinacy
Author(s) -
Nicholas Sim,
Kong Weng Ho
Publication year - 2007
Publication title -
ssrn electronic journal
Language(s) - English
Resource type - Journals
ISSN - 1556-5068
DOI - 10.2139/ssrn.998198
Subject(s) - determinacy , indeterminacy (philosophy) , economics , keynesian economics , neoclassical economics , philosophy , epistemology , mathematics , mathematical analysis
We extend the model of Nishimura and Shimomura (2002) to consider a two-country framework where under autarky indeterminacy arises in one country but determinacy in the other, and show that indeterminacy could be eliminated when trade takes place between the two.
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