Mishra, Tapas; Prskawetz, Alexia; Parhi, Mamata; … - In: Economics Bulletin 30 (2010) 3, pp. 2437-2449
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...