Stochastic Convergence in Regional Economic Activity
نویسندگان
چکیده
منابع مشابه
Stochastic Convergence in Regional Economic Activity
A stochastic model is presented, based on a double process of temporal drift and random disturbance, to fit the evolution of cross-country distribution of income and economic activity. Instead of assuming a steady state as is standard practice, a long run stationary equilibrium distribution is hypothesized, around which economic activity fluctuates. An empirical application comparing dynamics o...
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ژورنال
عنوان ژورنال: Journal of Mathematical Finance
سال: 2011
ISSN: 2162-2434,2162-2442
DOI: 10.4236/jmf.2011.13016