FRACTALS AND SELF-SIMILARITY IN ECONOMICS: THE CASE OF A STOCHASTIC TWO-SECTOR GROWTH MODEL

FRACTALS AND SELF-SIMILARITY IN ECONOMICS: THE CASE OF A STOCHASTIC TWO-SECTOR GROWTH MODEL

We study a stochastic, discrete-time, two-sector optimal growth model in which the production of the homogeneous consumption good uses a Cobb-Douglas technology, combining physical capital and an endogenously determined share of human capital. Education is intensive in human capital as in Lucas (198...

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Bibliographic Details
Main Authors: Davide La Torre, Simone Marsiglio, Fabio Privileggi
Format: Article
Language:English
Published: Slovenian Society for Stereology and Quantitative Image Analysis 2011-11-01
Series:Image Analysis and Stereology
Subjects:
fractals
iterated function system
self-similarity
Sierpinski gasket
stochastic growth
Online Access:http://www.ias-iss.org/ojs/IAS/article/view/906

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