Article ID Journal Published Year Pages File Type
9549250 Economics Letters 2005 6 Pages PDF
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.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Authors
,