Existence and uniqueness of equilibrium in a distorted dynamic small open economy

Manjira Datta

doi:10.1016/j.econlet.2016.12.001

Existence and uniqueness of equilibrium in a distorted dynamic small open economy

Manjira Datta

Economics

Research output: Contribution to journal › Article › peer-review

1 Scopus citations

Abstract

We provide a set of sufficient conditions for existence and uniqueness of recursive equilibrium for a class of small open economies with distortion. The second welfare theorem is not available in this framework and usual approach for studying optimal neoclassical growth models is also not applicable.

Original language	English (US)
Pages (from-to)	19-22
Number of pages	4
Journal	Economics Letters
Volume	152
DOIs	https://doi.org/10.1016/j.econlet.2016.12.001
State	Published - Mar 1 2017

Keywords

Externality
Nonoptimal growth
Recursive equilibrium
Small open economy

ASJC Scopus subject areas

Finance
Economics and Econometrics

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10.1016/j.econlet.2016.12.001

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title = "Existence and uniqueness of equilibrium in a distorted dynamic small open economy",

abstract = "We provide a set of sufficient conditions for existence and uniqueness of recursive equilibrium for a class of small open economies with distortion. The second welfare theorem is not available in this framework and usual approach for studying optimal neoclassical growth models is also not applicable.",

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KW - Nonoptimal growth

KW - Recursive equilibrium

KW - Small open economy

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VL - 152

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EP - 22

JO - Economics Letters

JF - Economics Letters

ER -

Existence and uniqueness of equilibrium in a distorted dynamic small open economy

Abstract

Keywords

ASJC Scopus subject areas

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