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-rate...
Guardado en:
| Autor principal: | |
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| Formato: | Artículo científico |
| Publicado: |
Universidad Autónoma Metropolitana Unidad Azcapotzalco
2005
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| Materias: | |
| Acceso en línea: | http://www.redalyc.org/articulo.oa?id=41304304 http://biblioteca.clacso.edu.ar/gsdl/cgi-bin/library.cgi?a=d&c=mx/mx-022&d=41304304oai |
| Aporte de: |
| id |
I16-R122-41304304oai |
|---|---|
| record_format |
dspace |
| institution |
Consejo Latinoamericano de Ciencias Sociales |
| institution_str |
I-16 |
| repository_str |
R-122 |
| collection |
Red de Bibliotecas Virtuales de Ciencias Sociales (CLACSO) |
| topic |
Economía y Finanzas Endogenous growth stochastic modelling |
| spellingShingle |
Economía y Finanzas Endogenous growth stochastic modelling Francisco Venegas-Martínez A stochastic model of endogenous growth: the mexican case, 1930-2002 |
| topic_facet |
Economía y Finanzas Endogenous growth stochastic modelling |
| description |
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-rate depreciation are not available. Finally, we use the proposed model to carry out a Monte Carlo simulation experiment that explains the observed mean growth rate of output for the Mexican case between 1930 and 2002. |
| format |
Artículo científico Artículo científico |
| author |
Francisco Venegas-Martínez |
| author_facet |
Francisco Venegas-Martínez |
| author_sort |
Francisco Venegas-Martínez |
| title |
A stochastic model of endogenous growth: the mexican case, 1930-2002 |
| title_short |
A stochastic model of endogenous growth: the mexican case, 1930-2002 |
| title_full |
A stochastic model of endogenous growth: the mexican case, 1930-2002 |
| title_fullStr |
A stochastic model of endogenous growth: the mexican case, 1930-2002 |
| title_full_unstemmed |
A stochastic model of endogenous growth: the mexican case, 1930-2002 |
| title_sort |
stochastic model of endogenous growth: the mexican case, 1930-2002 |
| publisher |
Universidad Autónoma Metropolitana Unidad Azcapotzalco |
| publishDate |
2005 |
| url |
http://www.redalyc.org/articulo.oa?id=41304304 http://biblioteca.clacso.edu.ar/gsdl/cgi-bin/library.cgi?a=d&c=mx/mx-022&d=41304304oai |
| work_keys_str_mv |
AT franciscovenegasmartinez astochasticmodelofendogenousgrowththemexicancase19302002 AT franciscovenegasmartinez stochasticmodelofendogenousgrowththemexicancase19302002 |
| bdutipo_str |
Repositorios |
| _version_ |
1764820423328923648 |