From 05fae05c60282e9c6380b95e5b5d6f0d18c83b18 Mon Sep 17 00:00:00 2001 From: Humphrey Yang Date: Mon, 31 Jul 2023 14:51:00 +1000 Subject: [PATCH] fix a typo in lake model --- lectures/lake_model.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/lectures/lake_model.md b/lectures/lake_model.md index 225653fe..ba11f07f 100644 --- a/lectures/lake_model.md +++ b/lectures/lake_model.md @@ -212,7 +212,7 @@ Hence, the growth rate of $n_t$ is fixed at $1 + b - d$. Moreover, the times series of unemployment and employment seems to grow at some stable rates in the long run. -### The application of erron-Frobenius theorem +### The application of Perron-Frobenius theorem Since by intuition if we consider unemployment pool and employment pool as a closed system, the growth should be similar to the labor force.