PUMA
Istituto dei materiali per l'elettronica ed il magnetismo     
Di Gennaro L., Garibaldi U. Economic growth and the Ehrenfest fleas: the convergence among countries. In: International Journal of Modern Physics C, vol. 19 (1) pp. 33 - 47. World Scientific Publishing Co, 2008.
 
 
Abstract
(English)
The aim of this work is to predict the economic convergence among countries by using a generalization of Ehrenfest's urn. In particular this work shows that the Ehrenfest model captures the convergence among countries. A empirical analysis is presented on the European Union countries, the G7 countries and the emerging countries.
DOI: 10.1142/S0129183108011929
Subject Markov Chain
Ehrenfest model
Economic growth theory
Convergence


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