All Rights Reserved
AccessEcon LLC 2006, 2008.
Powered by MinhViet JSC
ralph lauren polo

 
Tapas Mishra, Alexia Prskawetz, Mamata Parhi and Claude Diebolt
 
''Shock persistence in output and the role of stochastic population growth''
( 2010, Vol. 30 No.3 )
 
 
This paper illustrates both analytically and empirically that stochastic long-memory in economic growth arises due to the presence of a long-memory in population growth. Specifically, we show that the long-run conditional mean and variances of economic growth are functions of stochastic long-memory in demographic system. This is well-supported by an empirical example.
 
 
Keywords: economy-demographic interaction, long-memory, economic growth, stochastic population, stochastic economic growth.
JEL: B4 - Economic Methodology: General
A1 - General Economics: General
 
Manuscript Received : Aug 27 2009 Manuscript Accepted : Sep 20 2010

  This abstract has been downloaded 276 times                The Full PDF of this paper has been downloaded 88392 times