@article{Venegas Martínez_2024, title={A stochastic model of endogenous growth: the mexican case, 1930-2002}, volume={20}, url={https://analisiseconomico.azc.uam.mx/index.php/rae/article/view/1097}, abstractNote={<p>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.</p>}, number={43}, journal={Análisis Económico}, author={Venegas Martínez, Francisco}, year={2024}, month={ene.}, pages={83–100} }