DOI: 10.36347/sjebm.2019.v06i07.003

Pages: 351-356

The development of a mathematical models for Economic growth of great importance in many fields. The growth and decline of real economical data can in many cases be well approximated by the solutions of a stochastic differential equations. However, there are many solutions in which the essentially random nature of economic growth should be taken into account. In this paper, we consider an accurate method done by approximating the differential equations by an equivalent difference equations for approximating the moments of the first – passage time for the Gross National Product GNP diffusion process with linear function drift coefficient to a general determined value.