Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
9549250 | Economics Letters | 2005 | 6 Pages |
Abstract
The expected growth rate of a stochastic Ak-economy under Poisson uncertainty is derived. The differences and similarities of economic growth under Wiener and Poisson uncertainty are discussed. To understand the uncertainty-growth nexus, the (implicit) risk premium under Poisson uncertainty is additionally derived.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Thomas M. Steger,