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Markov Model of Economic Growth Dynamics by uaenvm is a document available to read on EtoBox.
What is Markov Model of Economic Growth Dynamics about?
The document analyzes economic growth by modeling it as transitions between growth regimes using a Markov switching classification model. It clusters 84 countries into three groups based on their growth dynamics over 1962-2003: successful countries with long high growth periods, moderately successful countries that alternate between growth and stagnation, and failing countries that often experience stagnation or crisis. Successful countries have better initial conditions and institutions. Moderately success
- Author
- uaenvm
- Language
- EN