Income mobility can be viewed as a first-order Markov process, with a matrix of transition probabilities which measure how individuals move from an income status in time t to a new status in time t+1.
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discussion paper
South American wheat markets and MERCOSUR
This paper analyzes the wheat market in South America, with a focus on MERCOSUR.
discussion paper
On the production economics of cattle
Two empirical regularities in the beef-cattle sector have been observed for a long time. First, the time-series for cattle stock exhibits strong cyclicity with a period of several years.