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博文

目前显示的是标签为“Convergence”的博文

How Does Growth Follow Differential Convergence Patterns? A Study of the Chinese Regions and Sectors

Read full paper at: http://www.scirp.org/journal/PaperInformation.aspx?PaperID=50794#.VE8MglfHRK0 Author(s)    Yanqing Jiang Affiliation(s) School of Economics and Finance, Shanghai International Studies University, Shanghai, China . ABSTRACT This paper focuses on examining differential convergence patterns in productivity growth in China. Our empirical analysis shows that the Chinese provinces exhibit absolute divergence and then absolute convergence respectively during 1990-2000 and 2000-2010. In addition, absolute convergence is present during 1985-1995 and 2000-2010 in the primary sector and during 1995-2010 in the secondary sector. Our regressions also show that either for the overall regional econom...

A New Scheme for Discrete HJB Equations

Read full paper at: http://www.scirp.org/journal/PaperInformation.aspx?PaperID=50345#.VDskClfHRK1 Author(s)    Zhanyong Zou Affiliation(s) School of Mathematics and Statistics, Guangdong University of Finance & Economics, Guangzhou, China . ABSTRACT In this paper we propose a relaxation scheme for solving discrete HJB equations based on scheme II [1] of Lions and Mercier. The convergence of the new scheme has been established. Numerical example shows that the scheme is efficient. KEYWORDS Iterative Algorithm , Relaxation Scheme , HJB Equation , Convergence , Existence Cite this paper Zou, Z. ...