Publication Date:
2008
abstract:
The aim of this work is to predict the economic convergence among countries by using a generalization of Ehrenfest's urn. In particular this work shows that the Ehrenfest model captures the convergence among countries. A empirical analysis is presented on the European Union countries, the G7 countries and the emerging countries.
Iris type:
01.01 Articolo in rivista
Keywords:
Markov Chain; Ehrenfest model; Economic growth theory; Convergence
List of contributors:
Garibaldi, UBALDO EMILIO LUIGI
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