This article considers the consequences of explicitly allowing for stochastic technological progress and stochastic labor input in the discrete-time Solow-Swan and AK growth models. It shows that the ...

Stochastic models have emerged as indispensable tools in understanding complex biological systems where randomness plays a crucial role. In the context of epidemic modelling, stochastic approaches ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...