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generate endogenous fluctuation or chaos …
Persistent link: https://www.econbiz.de/10005130249
The possibility of confusing long memory behavior with structural changes need to specify what kind of long memory behavior is concerned in literature and applications. One attraction of long memory models is that they imply different long run predictions and effects of shocks to conventional...
Persistent link: https://www.econbiz.de/10005063626
, cycles and chaos. More importantly we find that there is an interesting interaction between the relative risk aversion coeï … into cycles and chaos, the higher the degree of openness of the economy is. Although the perils of Taylor rules are evident …
Persistent link: https://www.econbiz.de/10005699586
This paper examines empirically the impact of reproductive externalities on fertility behaviour in one developing society - Kenya. We examine this issue by quantifying the effects of group membership on the number of children ever born. The focus of this study is the identification of structural...
Persistent link: https://www.econbiz.de/10005699645