The State Value

The State Value | Research Square window.SnipcartSettings = { analytics: { enabled: false } }; (function() { var accessVector = localStorage.getItem('access_vector') || ''; window.dataLayer = window.dataLayer || []; if (accessVector) { window.dataLayer.push({ user: { profile: { profileInfo: { snid: accessVector } } } }); } })(); (function(w,d,s,l,i){w[l]=w[l]||[];w[l].push({'gtm.start':new Date().getTime(),event:'gtm.js'});var f=d.getElementsByTagName(s)[0],j=d.createElement(s),dl=l!='dataLayer'?'&l='+l:'';j.async=true;j.src='https://www.googletagmanager.com/gtm.js?id='+i+dl;f.parentNode.insertBefore(j,f);})(window,document,'script','dataLayer','GTM-K279D39R'); Browse Preprints In Review Journals COVID-19 Preprints AJE Video Bytes Research Tools Research Promotion AJE Professional Editing AJE Rubriq About Preprint Platform In Review Editorial Policies Our Team Advisory Board Help Center Sign In Submit a Preprint Cite Share Download PDF Research The State Value Moustafa Ahmed AbdElaal, Nesrien Mohamed Elmohamady This is a preprint; it has not been peer reviewed by a journal. https://doi.org/ 10.21203/rs.3.rs-97507/v1 This work is licensed under a CC BY 4.0 License Status: Posted Version 1 posted You are reading this latest preprint version Abstract This paper considers the state value using the real option approach. Our model allows adding unlimited number of factors which affects the state value. We adjusted Ornstein-Uhlenbeck stochastic process to be able to consider unlimited number of pricing factors to calculate the state value. We think this model may be useful to evaluate the performance of the government and making decision process via knowing the optimal value and the optimal time for the decision. This dynamic model differs from the traditional pricing model for evaluating the nation's wealth using the discounted cash flow model (DCF) which does not allows considering the market condition via using the risk-neutral approach. The states value determinants are divided into two classes, determinants and sub-determinants. Other Economics Health Economics & Outcomes Research State value Ornstein-Uhlenbeck stochastic process Wealth of Nations country assets Evaluating Natural Resource country's wealth Assets Pricing. Full Text Cite Share Download PDF Status: Posted Version 1 posted You are reading this latest preprint version Research Square lets you share your work early, gain feedback from the community, and start making changes to your manuscript prior to peer review in a journal. As a division of Research Square Company, we’re committed to making research communication faster, fairer, and more useful. We do this by developing innovative software and high quality services for the global research community. Our growing team is made up of researchers and industry professionals working together to solve the most critical problems facing scientific publishing. Also discoverable on Platform About Our Team In Review Editorial Policies Advisory Board Help Center Resources Author Services Accessibility API Access RSS feed Manage Cookie Preferences © Research Square 2026 | ISSN 2693-5015 (online) Privacy Policy Terms of Service Do Not Sell My Personal Information {"props":{"pageProps":{"initialData":{"identity":"rs-97507","acceptedTermsAndConditions":true,"allowDirectSubmit":true,"archivedVersions":[],"articleType":"Research","associatedPublications":[],"authors":[{"id":3930312,"identity":"2ff2f54d-d3c1-4112-9d76-9fdae8b4776a","order_by":0,"name":"Moustafa Ahmed AbdElaal","email":"data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAZAAAAAyAQMAAABI0h/eAAAABlBMVEX///8AAABVwtN+AAAACXBIWXMAAA7EAAAOxAGVKw4bAAAA2UlEQVRIiWNgGAWjYNACGwYGAwbmAwyMDcSpB6pLA2lhSyBZC48BcVp029ufP/iRYBdtzn7mm8TPHTZyDOyHj27Ap8XszBnDxp6E5NydPbnbJHvPpBkz8KSl3cCr5UYOYwPvD+bcDQdyt0nwth1ObJDgMSOgJf1h45+E+twN5988k/xLnJYEw2aehMO5G27ksEkTZwvQL7NlEo7n7pzxzNhati3NmI2gX463P/j4JqE6dzt/8sObb9ts5PjZDx/DqwUZsEiASDZilYMA8wdSVI+CUTAKRsHIAQBxE1J/lceIpAAAAABJRU5ErkJggg==","orcid":"","institution":"Alexandria University","correspondingAuthor":true,"prefix":"","firstName":"Moustafa","middleName":"Ahmed","lastName":"AbdElaal","suffix":""},{"id":3930313,"identity":"f4dfef63-ec48-4c80-b5fd-9db51edad6de","order_by":1,"name":"Nesrien Mohamed Elmohamady","email":"","orcid":"","institution":"Alexandria University","correspondingAuthor":false,"prefix":"","firstName":"Nesrien","middleName":"Mohamed","lastName":"Elmohamady","suffix":""}],"badges":[],"createdAt":"2020-10-23 22:10:18","currentVersionCode":1,"declarations":"","doi":"10.21203/rs.3.rs-97507/v1","doiUrl":"https://doi.org/10.21203/rs.3.rs-97507/v1","draftVersion":[],"editorialEvents":[],"editorialNote":"","failedWorkflow":false,"files":[{"id":13549903,"identity":"0e8dfb4f-73b1-43ac-9e27-30a1aecbc593","added_by":"auto","created_at":"2021-09-17 02:22:55","extension":"pdf","order_by":1,"title":"","display":"","copyAsset":false,"role":"manuscript-pdf","size":567203,"visible":true,"origin":"","legend":"","description":"","filename":"TheStatValue1.pdf","url":"https://assets-eu.researchsquare.com/files/rs-97507/v1_covered.pdf"},{"id":3278408,"identity":"b15497af-bf43-415d-9e66-5c2588da9b11","added_by":"auto","created_at":"2020-10-29 21:21:21","extension":"pdf","order_by":1,"title":"","display":"","copyAsset":false,"role":"manuscript-pdf","size":617423,"visible":true,"origin":"","legend":"","description":"","filename":"TheStatValue1.pdf","url":"https://assets-eu.researchsquare.com/files/rs-97507/v1_stamped.pdf"}],"financialInterests":"","formattedTitle":"The State Value","fulltext":[{"header":"Full Text","content":"\u003cp\u003eThis preprint is available for \u003ca href='/article/rs-97507/latest.pdf' target='_blank'\u003edownload as a PDF\u003c/a\u003e.\u003c/p\u003e"}],"fulltextSource":"","fullText":"","funders":[],"hasAdminPriorityOnWorkflow":false,"hasManuscriptDocX":false,"hasOptedInToPreprint":true,"hasPassedJournalQc":"","hasAnyPriority":false,"hideJournal":true,"highlight":"","institution":"","isAcceptedByJournal":false,"isAuthorSuppliedPdf":true,"isDeskRejected":"","isHiddenFromSearch":false,"isInQc":false,"isInWorkflow":false,"isPdf":false,"isPdfUpToDate":true,"isWithdrawnOrRetracted":false,"journal":{"display":true,"email":"[email protected]","identity":"researchsquare","isNatureJournal":false,"hasQc":true,"allowDirectSubmit":true,"externalIdentity":"","sideBox":"","snPcode":"","submissionUrl":"/submission","title":"Research Square","twitterHandle":"researchsquare","acdcEnabled":true,"dfaEnabled":false,"editorialSystem":"","reportingPortfolio":"","inReviewEnabled":false,"inReviewRevisionsEnabled":true},"keywords":"State value, Ornstein-Uhlenbeck stochastic process, Wealth of Nations, country assets, Evaluating Natural Resource, country's wealth, Assets Pricing.","lastPublishedDoi":"10.21203/rs.3.rs-97507/v1","lastPublishedDoiUrl":"https://doi.org/10.21203/rs.3.rs-97507/v1","license":{"name":"CC BY 4.0","url":"https://creativecommons.org/licenses/by/4.0/"},"manuscriptAbstract":"This paper considers the state value using the real option approach. 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