Title of article :
Stochastic growth under Wiener and Poisson uncertainty
Author/Authors :
Thomas M. Steger، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 2005
Pages :
6
From page :
311
To page :
316
Abstract :
The expected growth rate of a stochastic Ak-economy under Poisson uncertainty is derived. The differences and similarities of economic growth under Wiener and Poisson uncertainty are discussed. To understand the uncertainty-growth nexus, the (implicit) risk premium under Poisson uncertainty is additionally derived.
Keywords :
stochastic growth , Wiener uncertainty , Poisson uncertainty , Risk premium , Keynes-Ramsey rule
Journal title :
Economics Letters
Serial Year :
2005
Journal title :
Economics Letters
Record number :
435608
Link To Document :
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