1 edition of Stochastic growth model with endogenous population growth rate found in the catalog.
Revised July, 1985.Bibliography: p. 15-17.
|The Physical Object|
|Pagination||xvi, 99 p. :|
|Number of Pages||67|
|2||Working paper series (York University (Toronto, Ont.). Dept. of Economics) -- 85-07|
|3||Working paper series -- 85-07|
nodata File Size: 4MB.
Different accounting conventions could, in principle, also affect econometric estimates in so far as such conventions serve as identifying restrictions.
The calculations link the kinetic and stochastic birth process with Poisson distribution. The papers included here range quite a bit in topic: basic mathematical results describing models in which the growth rate is asymptotically positive, the effects of fiscal and monetary policy on long run growth, the use of this class of models to match business cycle facts, and models trying to handle the political economy of pollution and growth.
Notice that in this benchmark prototype economy, the efficiency wedge resembles a blueprint technology parameter, and the labor and the investment wedges resemble tax rates on labor income and investment. " ," 0056, Department of Economics at the University of Stochastic growth model with endogenous population growth rate.
At the same time, the standard deviation of the spread hardly changes with belief shocks. These data are measured relative to trend, which is the average growth rate of productivity in these sectors see Cole and Ohanian, 1999. Suppose investors look at the current and past levels of productivity to make inferences about whether technological growth is high or low. This is because the increased likelihood of a default and its adverse consequences means that the optimal level of borrowing has decreased.
30 The lack of increase in the spread's volatility is surprising. 4 3pages 479-513, June. Rather, it can be caused by non-genetic mechanisms such as stochastic gene expression and biased partitioning upon cell division. " ," f3ec6de7-f996-4ac0-b872-0, Tilburg University, School of Economics and Management.
McGrattan, in2016 1. For the Great Depression, the condition that equates the marginal rate of substitution between consumption and leisure to the marginal product of labor is significantly distorted. 4 2pages 369-405, July.
70 4 , pages 757-779, August.
They highlight the inadequacies of the elasticity estimates in applied models, and argue that the reliance on CES, Leontief, and Cobb—Douglas functional forms is restrictive and unrealistic.
The initial realization s 0 is given.