A stochastic model of endogenous growth: the mexican case, 1930-2002


  • Francisco Venegas Martínez Instituto Tecnológicos y de Estudios Superiores de Monterrey

Palabras clave:

Endogenous growth, stochastic modelling


In this research, we develope a stochastic model of endogenous growth. We assume that the exchange rate is driven by a mixed diffusion-jump process, and the tax rate on wealth is governed by a geometric Brownian motion. We also suppose that contingent claims for hedging against future exchange-rate depreciation are not available. Finally, we use the proposed model to carry out a Monte Carlo simulation experiment that explains the observed mean growth rate of output for the Mexican case between 1930 and 2002.


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Cómo citar

Venegas Martínez, F. (2024). A stochastic model of endogenous growth: the mexican case, 1930-2002. Análisis Económico, 20(43), 83–100. Recuperado a partir de https://analisiseconomico.azc.uam.mx/index.php/rae/article/view/1097