Abstract This paper examines the effect of vertical diversity in workers' skill on the long-run growth rate of an …&D sector is submodular. By adopting Grossman and Maggi's (2000) model to a framework of growth, it shows first that diversity … that if vertical diversity is sufficiently high relative to the communication gap, the growth rate may not increase with …

significance for the growth of the OECD countries. For this purpose we estimate a version of the growth model proposed by Benhabib … influence on the economic growth of the OECD countries. However, they show the predominant role of the domestic human and R …&D capital endowments in economic growth.  …

. Secondly, that— even under optimistic assumptions on the trade-led growth potential of the Palestinian economy—the induced … the Israeli labor market on the Palestinian export performance and, in turn, on GDP growth. The results suggest first that … depreciation of the real exchange rate after the closure will not have sufficient growth effects to avoid income losses incurred …

assessed for their power at varying degrees of skewness, kurtosis and sample size on the basis of simulated experiments …. Findings – It is observed that almost all these tests are indifferent for smaller values of skewness and kurtosis. Further, the …

a moment of a truncated normal distribution. Findings – Kurtosis for RCA and for GARCH process is derived. Application … of random coefficient GARCH kurtosis in analytical approximation of option pricing is discussed. Originality …

of kurtosis of the observed volatility process and applied to various class of GARCH models. Findings – A modified option … contribution of the paper is the development of a kurtosis‐dependent option pricing formula for a jump diffusion model with random …

simulation. A taller peak and fatter tails (kurtosis), which the probability distribution of monthly S&P 500 index returns …

model is then used to determine skewness and kurtosis of distributions of futures prices implied from option prices. Design … kurtosis are implied by minimizing the squared deviations of actual option premia from predicted premia. Findings – Positive … skewness is the major source of nonnormality, but both skewness and kurtosis are important as the trinomial model that …