Strategic equilibria in a model of economic growth with input interdependence

Autores
Larrosa, Juan Manuel Ceferino
Año de publicación
2012
Idioma
inglés
Tipo de recurso
artículo
Estado
versión publicada
Descripción
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.
Fil: Larrosa, Juan Manuel Ceferino. Universidad Nacional del Sur. Departamento de Economía; Argentina. Consejo Nacional de Investigaciones Científicas y Técnicas. Centro Científico Tecnológico Conicet - Bahía Blanca; Argentina
Materia
DIFFERENCE GAME
ECONOMIC GROWTH
INTERMEDIATE GOODS
Nivel de accesibilidad
acceso abierto
Condiciones de uso
https://creativecommons.org/licenses/by-nc-sa/2.5/ar/
Repositorio
CONICET Digital (CONICET)
Institución
Consejo Nacional de Investigaciones Científicas y Técnicas
OAI Identificador
oai:ri.conicet.gov.ar:11336/95173
Acceder
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network_name_str CONICET Digital (CONICET)
spelling Strategic equilibria in a model of economic growth with input interdependenceLarrosa, Juan Manuel CeferinoDIFFERENCE GAMEECONOMIC GROWTHINTERMEDIATE GOODShttps://purl.org/becyt/ford/5.2https://purl.org/becyt/ford/5Two 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.Fil: Larrosa, Juan Manuel Ceferino. Universidad Nacional del Sur. Departamento de Economía; Argentina. Consejo Nacional de Investigaciones Científicas y Técnicas. Centro Científico Tecnológico Conicet - Bahía Blanca; ArgentinaJohn Wiley & Sons Ltd2012-10info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionhttp://purl.org/coar/resource_type/c_6501info:ar-repo/semantics/articuloapplication/pdfapplication/pdfhttp://hdl.handle.net/11336/95173Larrosa, Juan Manuel Ceferino; Strategic equilibria in a model of economic growth with input interdependence; John Wiley & Sons Ltd; Bulletin of Economic Research; 64; 4; 10-2012; 537-5481467-8586CONICET DigitalCONICETenginfo:eu-repo/semantics/altIdentifier/url/http://onlinelibrary.wiley.com/doi/10.1111/j.1467-8586.2010.00374.x/abstractinfo:eu-repo/semantics/altIdentifier/doi/10.1111/j.1467-8586.2010.00374.xinfo:eu-repo/semantics/openAccesshttps://creativecommons.org/licenses/by-nc-sa/2.5/ar/reponame:CONICET Digital (CONICET)instname:Consejo Nacional de Investigaciones Científicas y Técnicas2025-09-29T09:51:49Zoai:ri.conicet.gov.ar:11336/95173instacron:CONICETInstitucionalhttp://ri.conicet.gov.ar/Organismo científico-tecnológicoNo correspondehttp://ri.conicet.gov.ar/oai/requestdasensio@conicet.gov.ar; lcarlino@conicet.gov.arArgentinaNo correspondeNo correspondeNo correspondeopendoar:34982025-09-29 09:51:49.479CONICET Digital (CONICET) - Consejo Nacional de Investigaciones Científicas y Técnicasfalse
dc.title.none.fl_str_mv Strategic equilibria in a model of economic growth with input interdependence
title Strategic equilibria in a model of economic growth with input interdependence
spellingShingle Strategic equilibria in a model of economic growth with input interdependence
Larrosa, Juan Manuel Ceferino
DIFFERENCE GAME
ECONOMIC GROWTH
INTERMEDIATE GOODS
title_short Strategic equilibria in a model of economic growth with input interdependence
title_full Strategic equilibria in a model of economic growth with input interdependence
title_fullStr Strategic equilibria in a model of economic growth with input interdependence
title_full_unstemmed Strategic equilibria in a model of economic growth with input interdependence
title_sort Strategic equilibria in a model of economic growth with input interdependence
dc.creator.none.fl_str_mv Larrosa, Juan Manuel Ceferino
author Larrosa, Juan Manuel Ceferino
author_facet Larrosa, Juan Manuel Ceferino
author_role author
dc.subject.none.fl_str_mv DIFFERENCE GAME
ECONOMIC GROWTH
INTERMEDIATE GOODS
topic DIFFERENCE GAME
ECONOMIC GROWTH
INTERMEDIATE GOODS
purl_subject.fl_str_mv https://purl.org/becyt/ford/5.2
https://purl.org/becyt/ford/5
dc.description.none.fl_txt_mv 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.
Fil: Larrosa, Juan Manuel Ceferino. Universidad Nacional del Sur. Departamento de Economía; Argentina. Consejo Nacional de Investigaciones Científicas y Técnicas. Centro Científico Tecnológico Conicet - Bahía Blanca; Argentina
description 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.
publishDate 2012
dc.date.none.fl_str_mv 2012-10
dc.type.none.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
http://purl.org/coar/resource_type/c_6501
info:ar-repo/semantics/articulo
format article
status_str publishedVersion
dc.identifier.none.fl_str_mv http://hdl.handle.net/11336/95173
Larrosa, Juan Manuel Ceferino; Strategic equilibria in a model of economic growth with input interdependence; John Wiley & Sons Ltd; Bulletin of Economic Research; 64; 4; 10-2012; 537-548
1467-8586
CONICET Digital
CONICET
url http://hdl.handle.net/11336/95173
identifier_str_mv Larrosa, Juan Manuel Ceferino; Strategic equilibria in a model of economic growth with input interdependence; John Wiley & Sons Ltd; Bulletin of Economic Research; 64; 4; 10-2012; 537-548
1467-8586
CONICET Digital
CONICET
dc.language.none.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv info:eu-repo/semantics/altIdentifier/url/http://onlinelibrary.wiley.com/doi/10.1111/j.1467-8586.2010.00374.x/abstract
info:eu-repo/semantics/altIdentifier/doi/10.1111/j.1467-8586.2010.00374.x
dc.rights.none.fl_str_mv info:eu-repo/semantics/openAccess
https://creativecommons.org/licenses/by-nc-sa/2.5/ar/
eu_rights_str_mv openAccess
rights_invalid_str_mv https://creativecommons.org/licenses/by-nc-sa/2.5/ar/
dc.format.none.fl_str_mv application/pdf
application/pdf
dc.publisher.none.fl_str_mv John Wiley & Sons Ltd
publisher.none.fl_str_mv John Wiley & Sons Ltd
dc.source.none.fl_str_mv reponame:CONICET Digital (CONICET)
instname:Consejo Nacional de Investigaciones Científicas y Técnicas
reponame_str CONICET Digital (CONICET)
collection CONICET Digital (CONICET)
instname_str Consejo Nacional de Investigaciones Científicas y Técnicas
repository.name.fl_str_mv CONICET Digital (CONICET) - Consejo Nacional de Investigaciones Científicas y Técnicas
repository.mail.fl_str_mv dasensio@conicet.gov.ar; lcarlino@conicet.gov.ar
_version_ 1844613591370563584
score 13.070432

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