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- W2054143502 abstract "Abstract A non-linear model is presented to give a global analysis of international debt and trade. It offers an alternative to the sunk–cost explanation of hysteresis, structural breaks and irreversibility. In particular, we show that a natural resource discovery, which turns out to be temporary ex post, may cause a long-term deterioration in the trade balance." @default.
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- W2054143502 date "1999-04-01" @default.
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- W2054143502 title "Multiple international debt equilibria and irreversibility" @default.
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- W2054143502 doi "https://doi.org/10.1016/s0264-9993(98)00025-x" @default.
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