2 results for “idealized economy”

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Research ArticleOpen accessIn the keywordsPublicly Funded Education and Human Capital in the Presence of a Convex-Concave Education FunctionBinh Tran-Nam, Công Nghê TruongThis study investigates an aggregative optimal growth model in which short-lived individuals obtain their labour skill through education. The process of human capital formation is described by an increasing, convex-concave education function relating the success rate to the educational expenditure per student. The cost of education is publicly funded by an income tax imposed on adult workers. Despite the apparent … …American Journal of Applied Sciences, Vol. 2, Issue 13 · 7 Dec 2005 · 7,869 accessesView PDF Cite

Research ArticleOpen accessIn the abstractA Random Walk Model for Stock Market PricesS. O.N. Agwuegbo, A. P. Adewole, A. N. MaduegbunaProblem statement: The stock exchange market has been one of the most popular investments in the recent past due to its high returns. The market has become an integral part of the global economy to the extent that any fluctuation in this market influences personal and corporate financial lives and the economic health of a country. The daily behavior of … …Journal of Mathematics and Statistics, Vol. 6, Issue 3 · 30 Sep 2010 · 8,678 accessesView PDF Cite