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Theory and Modern Applications

Table 2 Parameter values under finite regime switching of model (4)

From: Conditions for prosperity and depression of a stochastic R&D model under regime switching

State

θ(ς(t))

ξ(ς(t))

η(ς(t))

α(ς(t))

σ(ς(t))

n(Ï‚(t))

Ï‚(t)=1

−0.9

0.1

0.1

0.4

0.4

0.04

Ï‚(t)=2

−0.5

0.48

0.6

0.2

2

0.4