Stochastic Growth Under Wiener and Poisson Uncertainty

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

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Year of publication:	2010
Authors:	Steger, Thomas M.
Publisher:	[2010]: [S.l.] : SSRN
Subject:	Stochastisches Wachstumsmodell \| Stochastic growth model \| Risikoprämie \| Risk premium \| Theorie \| Theory \| Risiko \| Risk \| Stochastischer Prozess \| Stochastic process
Description of contents:	Abstract [papers.ssrn.com]

Extent:	1 Online-Ressource
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Economics Letters, Vol. 86, No. 3, 2005 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments November 1, 2003 erstellt Volltext nicht verfügbar
Classification:	N1 - Macroeconomics and Monetary Economics; Growth and Fluctuations
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013139486