On Seemingly Perverse Rybczynski Adjustments in Stable Equilibria

Abstract

For a small open economy with decreasing returns to scale within industries, increasing any factor supply may increase all sector outputs. A necessary and sufficient condition for these seemingly perverse Rybczynski adjustments may even be satisfied for stable equilibria. Journal of Economic Literature Classification Numbers: D50, F11.

Cite this paper

@inproceedings{Pfingsten2002OnSP, title={On Seemingly Perverse Rybczynski Adjustments in Stable Equilibria}, author={Andreas Pfingsten and Diskussionsbeitrag and Reiner Wolff}, year={2002} }