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Article: Further inspection of the stochastic growth model by an analytical approach

TitleFurther inspection of the stochastic growth model by an analytical approach
Authors
KeywordsApproximate Analytical Solution
Stochastic Growth
Issue Date2002
PublisherCambridge University Press. The Journal's web site is located at http://journals.cambridge.org/action/displayJournal?jid=MDY
Citation
Macroeconomic Dynamics, 2002, v. 6 n. 5, p. 748-757 How to Cite?
AbstractIt has been argued that a clear understanding of the stochastic growth model can best be achieved by working out an approximate analytical solution. This paper follows that idea but streamlines the presentation of the loglinear approximate solution for the neoclassical model of capital accumulation. By focusing on the partial elasticity of capital stock with respect to its lag term, this paper is able to confirm analytically some conclusions based on numerical calculations in previous papers, and to clarify why a simpler solution arises in several special cases.
Persistent Identifierhttp://hdl.handle.net/10722/42279
ISSN
2015 Impact Factor: 0.741
2015 SCImago Journal Rankings: 0.601
ISI Accession Number ID
References

 

DC FieldValueLanguage
dc.contributor.authorLau, SHPen_HK
dc.date.accessioned2007-01-08T02:33:25Z-
dc.date.available2007-01-08T02:33:25Z-
dc.date.issued2002en_HK
dc.identifier.citationMacroeconomic Dynamics, 2002, v. 6 n. 5, p. 748-757en_HK
dc.identifier.issn1365-1005en_HK
dc.identifier.urihttp://hdl.handle.net/10722/42279-
dc.description.abstractIt has been argued that a clear understanding of the stochastic growth model can best be achieved by working out an approximate analytical solution. This paper follows that idea but streamlines the presentation of the loglinear approximate solution for the neoclassical model of capital accumulation. By focusing on the partial elasticity of capital stock with respect to its lag term, this paper is able to confirm analytically some conclusions based on numerical calculations in previous papers, and to clarify why a simpler solution arises in several special cases.en_HK
dc.format.extent88842 bytes-
dc.format.extent806642 bytes-
dc.format.mimetypeapplication/pdf-
dc.format.mimetypeimage/jpeg-
dc.languageengen_HK
dc.publisherCambridge University Press. The Journal's web site is located at http://journals.cambridge.org/action/displayJournal?jid=MDYen_HK
dc.relation.ispartofMacroeconomic Dynamicsen_HK
dc.rightsMacroeconomic Dynamics. Copyright © Cambridge University Press.en_HK
dc.rightsCreative Commons: Attribution 3.0 Hong Kong License-
dc.subjectApproximate Analytical Solutionen_HK
dc.subjectStochastic Growthen_HK
dc.titleFurther inspection of the stochastic growth model by an analytical approachen_HK
dc.typeArticleen_HK
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=1365-1005&volume=6&issue=5&spage=748&epage=757&date=2002&atitle=Further+inspection+of+the+stochastic+growth+model+by+an+analytical+approachen_HK
dc.identifier.emailLau, SHP: laushp@hkucc.hku.hken_HK
dc.identifier.authorityLau, SHP=rp01073en_HK
dc.description.naturepublished_or_final_versionen_HK
dc.identifier.doi10.1017/S1365100501010148en_HK
dc.identifier.scopuseid_2-s2.0-0036408344en_HK
dc.identifier.hkuros80932-
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-0036408344&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume6en_HK
dc.identifier.issue5en_HK
dc.identifier.spage748en_HK
dc.identifier.epage757en_HK
dc.identifier.isiWOS:000178911600007-
dc.publisher.placeUnited Kingdomen_HK
dc.identifier.scopusauthoridLau, SHP=7401596159en_HK

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