Multiple steady states for unicellular natural convection in an inclined porous layer

1987 ◽  
Vol 30 (10) ◽  
pp. 2097-2113 ◽  
Author(s):  
Mihir Sen ◽  
P. Vasseur ◽  
L. Robillard
Keyword(s):  
Natural Convection ◽  
Porous Layer ◽  
Steady States ◽  
Multiple Steady States

POVERTY TRAPS AND INFERIOR GOODS IN A DYNAMIC HECKSCHER–OHLIN MODEL

2012 ◽  
Vol 17 (6) ◽  
pp. 1227-1251 ◽  
Author(s):  
Eric W. Bond ◽  
Kazumichi Iwasa ◽  
Kazuo Nishimura
Keyword(s):  
Economic Theory ◽  
Steady State ◽  
World Economy ◽  
Steady States ◽  
The Other ◽  
Poverty Traps ◽  
Poverty Trap ◽  
Multiple Steady States ◽  
The World ◽  
State Capital

We extend the dynamic Heckscher–Ohlin model in Bond et al. [Economic Theory(48, 171–204, 2011)] and show that if the labor-intensive good is inferior, then there may exist multiple steady states in autarky and poverty traps can arise. Poverty traps for the world economy, in the form of Pareto-dominated steady states, are also shown to exist. We show that the opening of trade can have the effect of pulling the initially poorer country out of a poverty trap, with both countries having steady state capital stocks exceeding the autarky level. However, trade can also pull an initially richer country into a poverty trap. These possibilities are a sharp contrast with dynamic Heckscher–Ohlin models with normality in consumption, where the country with the larger (smaller) capital stock than the other will reach a steady state where the level of welfare is higher (lower) than in the autarkic steady state.

50 Multiple steady states in electrochemical reactors

1980 ◽  
Vol 35 (1-2) ◽  
pp. 396-404 ◽  
Author(s):  
George P. Sakellaropoulos ◽  
Brian G. Volintine
Keyword(s):  
Steady States ◽  
Multiple Steady States ◽  
Electrochemical Reactors
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