Publications in Scientific Journals:
M. Tapas, A. Fürnkranz-Prskawetz, M. Parhi, C. Diebolt:
"Shock persistence in output and the role of stochastic population growth";
Economics Bulletin,
30
(2010),
3;
2437
- 2449.
English abstract:
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.
Created from the Publication Database of the Vienna University of Technology.