Showing 1 - 10 of 21
Persistent link: https://www.econbiz.de/10011706688
Persistent link: https://www.econbiz.de/10011380625
Persistent link: https://www.econbiz.de/10003941471
Persistent link: https://www.econbiz.de/10011378681
Persistent link: https://www.econbiz.de/10013478456
Persistent link: https://www.econbiz.de/10001008409
Persistent link: https://www.econbiz.de/10001762936
Using a simple stochastic growth model, this paper demonstrates that the coefficient of variation of aggregate output or GDP does not necessarily go to zero even if the number of sectors or economic agents goes to infinity. This phenomenon known as non-self-averaging implies that even if the...
Persistent link: https://www.econbiz.de/10013132339
Persistent link: https://www.econbiz.de/10014435310
Persistent link: https://www.econbiz.de/10008701524