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- W1987576025 abstract "Two countries face a strategic interdependence in producing intermediate goods. Producing these intermediate goods requires both domestic capital and another imported intermediate good. Individually, both economies determine a balanced growth path by taking into account this interdependence in different grades of awareness. By allowing for strategic interactions in the analysis, we adapted a two-agent dynamic setting and find an interior Markov perfect equilibrium as well as an open-loop equilibrium reflecting these different degrees of reaction. We find that main results resemble each other but growth rates will be higher when strategies are dynamically updated." @default.
- W1987576025 created "2016-06-24" @default.
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- W1987576025 date "2011-03-25" @default.
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- W1987576025 title "STRATEGIC EQUILIBRIA IN A MODEL OF ECONOMIC GROWTH WITH INPUT INTERDEPENDENCE" @default.
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- W1987576025 doi "https://doi.org/10.1111/j.1467-8586.2010.00374.x" @default.
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