Please use this identifier to cite or link to this item: http://hdl.handle.net/20.500.11861/6514
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dc.contributor.authorProf. YEUNG Wing Kay, Daviden_US
dc.date.accessioned2021-03-06T16:35:35Z-
dc.date.available2021-03-06T16:35:35Z-
dc.date.issued1993-
dc.identifier.citationJournal of Economic Integration, Spring 1993, vol. 8(1), pp. 89-99.en_US
dc.identifier.issn1225-651X-
dc.identifier.issn1976-5525-
dc.identifier.urihttp://hdl.handle.net/20.500.11861/6514-
dc.description.abstractIn 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.isoenen_US
dc.relation.ispartofJournal of Economic Integrationen_US
dc.titleThe depressing effect of randomly migrating population on wage shareen_US
dc.typePeer Reviewed Journal Articleen_US
crisitem.author.deptDepartment of Economics and Finance-
item.fulltextNo Fulltext-
Appears in Collections:Economics and Finance - Publication
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