Note on positive lower bound of capital in the stochastic growth model

DOI10.1016/j.jedc.2007.09.017zbMath1181.91168OpenAlexW2095420402MaRDI QIDQ844707

Partha Chatterjee, Malik Shukayev

Publication date: 19 January 2010

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jedc.2007.09.017

zbMATH Keywords

stochastic dynamic programmingstationary distributionsstochastic growth theory

Mathematics Subject Classification ID

Stochastic programming (90C15) Stochastic models in economics (91B70) Dynamic programming (90C39) Economic growth models (91B62)

Related Items (6)

The random two-sector RSS model: on discounted optimal growth without Ramsey-Euler conditions ⋮ Sustained positive consumption in a model of stochastic growth: the role of risk aversion ⋮ Stochastic growth, conservation of capital and convergence to a positive steady state ⋮ A stochastic dynamic model of trade and growth: convergence and diversification ⋮ On stationary recursive equilibria and nondegenerate state spaces: the Huggett model ⋮ On Lipschitz continuity of the iterated function system in a stochastic optimal growth model

Cites Work

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• Stochastic growth with irreversible investment
• Stochastic growth with correlated production shocks
• On optimal growth under uncertainty
• Stability of stochastic optimal growth models: a new approach
• Stochastic optimal growth with unbounded shock
• Stochastic optimal growth with bounded or unbounded utility and with bounded or unbounded shocks
• Optimal exploitation of renewable resources under uncertainty and the extinction of species
• Almost sure convergence to zero in stochastic growth models
• Stochastic Monotonicity and Stationary Distributions for Dynamic Economies

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