A Bayesian estimation of a stochastic predator-prey model of economic fluctuations
In this paper, we develop a Bayesian framework for the empirical estimation of the parameters of one of the best known nonlinear models of the business cycle: The Marx-inspired model of a growth cycle introduced by R. M. Goodwin. The model predicts a series of closed cycles representing the dynamics...
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| Format: | article |
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2007
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| Online Access: | http://hdl.handle.net/10725/6100 http://dx.doi.org/ 10.1117/12.724764 http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php https://www.researchgate.net/profile/Dmitry_Luchinsky/publication/235931090_A_Bayesian_estimation_of_a_stochastic_predator-prey_model_of_economic_fluctuations/links/00463526633bb28b0c000000.pdf |
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