Conditions for prosperity and depression of a stochastic R&D model under regime switching
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DOI: 10.1186/s13662-020-02633-w
Abstract: The stochastic research and development (R&D) model plays an important role in economic growth theories. To explain the growth performance of the economy under regime switching, we first establish sufficient criteria that ensure economic prosperity,… read more here.
Keywords: regime switching; prosperity; prosperity depression; model ... See more keywords