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A stochastic dynamic model of trade and growth: Convergence and diversification

✍ Scribed by Partha Chatterjee; Malik Shukayev


Book ID
113700494
Publisher
Elsevier Science
Year
2012
Tongue
English
Weight
520 KB
Volume
36
Category
Article
ISSN
0165-1889

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✍ Kevin Lee; M. Hashem Pesaran; Ron Smith πŸ“‚ Article πŸ“… 1997 πŸ› John Wiley and Sons 🌐 English βš– 328 KB

The paper considers international per capita output and its growth using a panel of data for 102 countries between 1960 and 1989. It sets out an explicitly stochastic Solow growth model and shows that this has quite dierent properties from the standard approach where the output equation is obtained