Please use this identifier to cite or link to this item:
http://hdl.handle.net/20.500.11861/6514| DC Field | Value | Language |
|---|---|---|
| dc.contributor.author | Prof. YEUNG Wing Kay, David | en_US |
| dc.date.accessioned | 2021-03-06T16:35:35Z | - |
| dc.date.available | 2021-03-06T16:35:35Z | - |
| dc.date.issued | 1993 | - |
| dc.identifier.citation | Journal of Economic Integration, Spring 1993, vol. 8(1), pp. 89-99. | en_US |
| dc.identifier.issn | 1225-651X | - |
| dc.identifier.issn | 1976-5525 | - |
| dc.identifier.uri | http://hdl.handle.net/20.500.11861/6514 | - |
| dc.description.abstract | In this paper, a stochastic framework is developed to study the effects of randomly migrating population. The analysis borrows a number of intrinsic characteristics from the classic Goodwin model. While Goodwin formalizes his model as a Lotka Volterra system, the present study converges into a stochastic version of the Lotka-Volterra system. In particular, it is shown that randomly migrating population has a depressing effect on wage share. The employment ratio, on the other hand, exhibits the natural rate property. | en_US |
| dc.language.iso | en | en_US |
| dc.relation.ispartof | Journal of Economic Integration | en_US |
| dc.title | The depressing effect of randomly migrating population on wage share | en_US |
| dc.type | Peer Reviewed Journal Article | en_US |
| item.fulltext | No Fulltext | - |
| crisitem.author.dept | Department of Economics and Finance | - |
| Appears in Collections: | Economics and Finance - Publication | |
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.