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Autor:
Dai, Darong
A general equilibrium model has been constructed in a stochastic endogenous growth economy with the capital-labor ratio driven by an Itô-Lévy diffusion process. In particular, formal definition of the minimum-time needed to economic maturity is ide
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=dedup_wf_001::60fe496269648a3ed172e67fc6f3dbc3
https://mpra.ub.uni-muenchen.de/40583/1/MPRA_paper_40583.pdf
https://mpra.ub.uni-muenchen.de/40583/1/MPRA_paper_40583.pdf
Autor:
Darong Dai
Publikováno v:
SSRN Electronic Journal.
A general equilibrium model has been constructed in a stochastic endogenous growth economy driven by an Ito-Levy diffusion process. The minimum time to “economic maturity” for an underdeveloped economy has been computed both in the preference man