A "Jump" in the Stochasticity of the Solow-Swan Growth Model

Author:

Diebolt, Claude

Publisher:

Les Presses de L'ISMEA

Date published:

2015

Record type:

Journal article

Responsibility:

Mishra, Tapas, jt. author

Parhi, Mamata, jt. author

Journal Title:

Economies et Sociétés

Source:

Economies et Sociétés, Série " Histoire Economique Quantitative" , Vol. 49, No. 6, Juin 2015, pp. 905-917

Subject:

ECONOMIC GROWTH

ECONOMIC GROWTH MODEL

SOLOW-SWAN

LABOR GROWTH

Abstract:

We characterize 'Solow-Swan' economic growth model in a stochastic environment. Our interest basically lies in modelling arrival of uncommon or stochastic shocks in both physical capital and labour, introducing discontinuities in the growth of these variables. These characterizations are completed by employing a Jump process to the Solow-Swan model. Interesting dynamics of capital and labor growth emerge from our investigation.

Language:

English

Catagory URL:

http://www.ismea.org

Subject profile :

Investment / Economic Policy / Integration

CITATION: Diebolt, Claude. A "Jump" in the Stochasticity of the Solow-Swan Growth Model . : Les Presses de L'ISMEA , 2015. Economies et Sociétés, Série " Histoire Economique Quantitative" , Vol. 49, No. 6, Juin 2015, pp. 905-917 - Available at: https://library.au.int/frjump-stochasticity-solow-swan-growth-model