Digressing into the origins of the two main algorithms considered in the literature of adaptive learning, namely Least Squares (LS) and Stochastic Gradient (SG), we found a connection between their non-recursive forms and their interpretation within a state-space unifying framework. Based on...

This paper presents a dynamic general equilibrium analysis of education, public sector corruption and economic growth. In an economy with government intervention along with physical and human capital accumulation, state-appointed bureaucrats are responsible for procuring public goods, which...