A stochastic model of endogenous growth: the mexican case, 1930-2002
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| Format: | Artículo científico |
| Langue: | en |
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Universidad Autónoma Metropolitana
2005
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| _version_ | 1876472076948209664 |
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| author | Francisco Venegas-Martínez |
| author_facet | Francisco Venegas-Martínez |
| contents | A stochastic model of endogenous growth: the mexican case, 1930-2002 Francisco Venegas-Martínez Economía y Finanzas Endogenous growth stochastic modelling In this research, we develope a stochastic model of endogenous growth. We assume thatthe exchange rate is driven by a mixed diffusion-jump process, and the tax rate on wealthis governed by a geometric Brownian motion. We also suppose that contingent claims forhedging against future exchange-rate depreciation are not available. Finally, we use theproposed model to carry out a Monte Carlo simulation experiment that explains the observedmean growth rate of output for the Mexican case between 1930 and 2002. 2005 artículo científico 0185-3937 https://www.redalyc.org/articulo.oa?id=41304304 en http://www.redalyc.org/revista.oa?id=413 Análisis Económico application/pdf Universidad Autónoma Metropolitana Análisis Económico (México) Num.43 Vol.XX |
| format | Artículo científico |
| id | redalyc_41304304 |
| institution | Redalyc |
| language | en |
| publishDate | 2005 |
| publisher | Universidad Autónoma Metropolitana |
| spellingShingle | A stochastic model of endogenous growth: the mexican case, 1930-2002 Francisco Venegas-Martínez Economía y Finanzas Endogenous growth stochastic modelling A stochastic model of endogenous growth: the mexican case, 1930-2002 Francisco Venegas-Martínez Economía y Finanzas Endogenous growth stochastic modelling In this research, we develope a stochastic model of endogenous growth. We assume thatthe exchange rate is driven by a mixed diffusion-jump process, and the tax rate on wealthis governed by a geometric Brownian motion. We also suppose that contingent claims forhedging against future exchange-rate depreciation are not available. Finally, we use theproposed model to carry out a Monte Carlo simulation experiment that explains the observedmean growth rate of output for the Mexican case between 1930 and 2002. 2005 artículo científico 0185-3937 https://www.redalyc.org/articulo.oa?id=41304304 en http://www.redalyc.org/revista.oa?id=413 Análisis Económico application/pdf Universidad Autónoma Metropolitana Análisis Económico (México) Num.43 Vol.XX |
| title | A stochastic model of endogenous growth: the mexican case, 1930-2002 |
| topic | Economía y Finanzas Endogenous growth stochastic modelling |
| url | https://www.redalyc.org/articulo.oa?id=41304304 |