Please use this identifier to cite or link to this item:
http://hdl.handle.net/20.500.11861/6514
Title: | The depressing effect of randomly migrating population on wage share |
Authors: | Prof. YEUNG Wing Kay, David |
Issue Date: | 1993 |
Source: | Journal of Economic Integration, Spring 1993, vol. 8(1), pp. 89-99. |
Journal: | Journal of Economic Integration |
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. |
Type: | Peer Reviewed Journal Article |
URI: | http://hdl.handle.net/20.500.11861/6514 |
ISSN: | 1225-651X 1976-5525 |
Appears in Collections: | Economics and Finance - Publication |
Find@HKSYU Show full item record
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.