Stochastic Dynamics of Economic Cycles
Book Details
Format
Hardback or Cased Book
ISBN-10
3110706989
ISBN-13
9783110706987
Publisher
De Gruyter
Imprint
De Gruyter
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Oct 12th, 2020
Print length
106 Pages
Weight
312 grams
Ksh 21,150.00
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This book includes discussions related to solutions of such tasks as:
- probabilistic description of the investment function;
- recovering the income function from GDP estimates;
- development of models for the economic cycles;
- selecting the time interval of pseudo-stationarity of cycles;
- estimating characteristics/parameters of cycle models;
- analysis of accuracy of model factors.
All of the above constitute the general principles of a theory explaining the phenomenon of economic cycles and provide mathematical tools for their quantitative description. The introduced theory is applicable to macroeconomic analyses as well as econometric estimations of economic cycles.
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