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文章基本信息

  • 标题:Shock persistence in output and the role of stochastic population growth
  • 本地全文:下载
  • 作者:Tapas Mishra ; Alexia Prskawetz ; Mamata Parhi
  • 期刊名称:Economics Bulletin
  • 电子版ISSN:1545-2921
  • 出版年度:2010
  • 卷号:30
  • 期号:3
  • 页码:2437-2449
  • 出版社:Economics Bulletin
  • 摘要:This paper illustrates both analytically and empirically that stochastic long-memory in economic growth arises due to the presence of a long-memory in population growth. Specifically, we show that the long-run conditional mean and variances of economic growth are functions of stochastic long-memory in demographic system. This is well-supported by an empirical example
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