growth implication of dispersion of population distribution in terms of educational attainment levels. Based on a pooled 5 … dispersion index as well as average index of human capital positively influences productivity growth. Given limited social … resources for human capital investment, the finding implies that education policy that creates more dispersion in the human …

virtually all diffusion models used in practice. Proposed are several interesting applications of our methodology, such as …

movement and whether stochastic volatility comes from jump or diffusion. We find that, to capture the behavior of the S&P 500 … to include stochastic volatilities from two separate sources: both the jump and the diffusion components …