Bandyopadhyay, Sanghamitra - Suntory and Toyota International Centres for Economics … - 2003
, distribution dynamics,
infrastructure, capital investment, macroeconomic stability, panel data, India.
JEL classification: C2 … distribution dynamics approach, Markov chains are used to approximate and estimate the
laws of motion of the evolving distribution …. The intra-distribution dynamics information is
encoded in a transition probability matrix (or a stochastic kernel), and …