A stochastic model of endogenous growth: the mexican case, 1930-2002
In this research, we develope a stochastic model of endogenous growth. We assume that the exchange rate is driven by a mixed diffusion-jump process, and the tax rate on wealth is governed by a geometric Brownian motion. We also suppose that contingent claims for hedging against future exchange-ra...
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| Format: | Article |
| Language: | English |
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Universidad Autónoma Metropolitana
2005-01-01
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| Series: | Análisis Económico |
| Online Access: | http://www.redalyc.org/articulo.oa?id=41304304 |