scholarly journals Long-Run Average Behaviour of Probabilistic Vector Addition Systems

2015 ◽  
Author(s):  
Toma Brazdil ◽  
Stefan Kiefer ◽  
Antonin Kucera ◽  
Petr Novotny
Keyword(s):  
Vector Addition ◽  
Long Run ◽  
Average Behaviour

scholarly journals Ergodic path properties of processes with stationary increments

2002 ◽  
Vol 72 (2) ◽  
pp. 199-208
Author(s):  
Offer Kella ◽  
Wolfgang Stadje
Keyword(s):  
Lévy Process ◽  
Levy Process ◽  
Strong Sense ◽  
Stationary Increments ◽  
Ergodic Process ◽  
Long Run ◽  
Path Property ◽  
Path Properties ◽  
Average Behaviour

AbstractFor a real-valued ergodic process X with strictly stationary increments satisfying some measurability and continuity assumptions it is proved that the long-run ‘average behaviour’ of all its increments over finite intervals replicates the distribution of the corresponding increments of X in a strong sense. Moreover, every Lévy process has a version that possesses this ergodic path property.

Finn Kydland and Edward Prescott: Driving Forces behind Economic Cycles (2004 Nobel Prize in Economics)

2005 ◽  
pp. 133-143 ◽  
Author(s):  
E. Balashova
Keyword(s):  
Nobel Prize ◽  
Driving Forces ◽  
Microeconomic Theory ◽  
Business Cycle Theory ◽  
Economic Cycles ◽  
Cyclical Fluctuations ◽  
Long Run ◽  
Time To Build ◽  
New Business ◽  
Extensive Research Program

The method of analyzing and modeling cyclical fluctuations of economy initiated by F. Kydland and E. Prescott - the 2004 Nobel Prize winners in Economics - is considered in the article. They proposed a new business cycle theory integrating the theory of long-run economic growth as well as the microeconomic theory of consumers and firms behavior. Simple version of general dynamic and stochastic macroeconomic model is described. The given approach which was formulated in their fundamental work "Time to Build and Aggregate Fluctuations" (1982) gave rise to an extensive research program and is still used as a basic instrument for investigating cyclical processes in economy nowadays.

Forming Sources of Long-run Growth: How to Understand Them?

2014 ◽  
pp. 4-20 ◽  
Author(s):  
G. Idrisov ◽  
S. Sinelnikov-Murylev
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Economic Policy ◽  
Business Cycle ◽  
Capital Markets ◽  
Productivity Growth ◽  
Government Spending ◽  
Long Run ◽  
Accelerate Growth ◽  
Budget Institutions

The paper analyzes the inconsequence and problems of Russian economic policy to accelerate economic growth. The authors consider three components of growth rate (potential, Russian business cycle and world business cycle components) and conclude that in order to pursue an effective economic policy to accelerate growth, it has to be addressed to the potential (long-run) growth component. The main ingredients of this policy are government spending restructuring and budget institutions reform, labor and capital markets reforms, productivity growth.

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