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Erthyglau Cyfnodolyn

Shock Persistence in Output and the Role of Stochastic Population Growth

This paper illustrates both analytically and empirically that stochastic long-memory in economic growth arises due to the presence of a long-memory in population growth. Specifically, we show that the long-run conditional mean and variances of economic growth are functions of stochastic long-memory in demographic system. This is well-supported by an empirical example.

Lleoliadau, Y Gymdeithas Sifil | Medi 2010