Azomahou, Theophile; Mishra, Tapas - United Nations University-Maastricht Economic Research … - 2009
aggregate economic growth. Long-memory in economic growth, in our model, is shown to arise due to the inherent stochasticity in …We consider a stochastic environment to study interactions among pollution growth, demographic changes, and economic … growth. Drawing on the empirical findings of slow convergence patterns of pollution shocks (viz., with a long-memory), we …