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Role of a Stochastic Friction Coefficient in Open Channel Noise

✍ Scribed by Pedro J. Colmenares


Publisher
Elsevier Science
Year
1993
Tongue
English
Weight
619 KB
Volume
161
Category
Article
ISSN
0022-5193

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The relationship between the size of government, economic growth, and volatility in a small open economy is analyzed. First, we characterize the stochastic equilibrium for a centrally planned economy, contrasting it with a closed economy. The role of government consumption expenditure both as a stab