Almost sure convergence to zero in stochastic growth models

DOI10.1007/s00199-005-0006-1zbMath1097.91064OpenAlexW2235198678MaRDI QIDQ2505530

Takashi Kamihigashi

Publication date: 26 September 2006

Published in: Economic Theory (Search for Journal in Brave)

Full work available at URL: https://www.rieb.kobe-u.ac.jp/academic/ra/dp/English/dp140.pdf

zbMATH Keywords

ExtinctionInada condition

Mathematics Subject Classification ID

Stochastic models in economics (91B70) Economic growth models (91B62)

Related Items (12)

Note on positive lower bound of capital in the stochastic growth model ⋮ On the possibility of extinction in a class of Markov processes in economics ⋮ On optimal extinction in the matchbox two-sector model ⋮ Extinction in common property resource models: an analytically tractable example ⋮ 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 ⋮ On stationary recursive equilibria and nondegenerate state spaces: the Huggett model ⋮ Ramsey’s Discrete-Time Growth Model: A Markov Decision Approach with Stochastic Labor ⋮ Stochastic optimal growth with bounded or unbounded utility and with bounded or unbounded shocks ⋮ Stability of stochastic optimal growth models: a new approach ⋮ Mean growth and stochastic stability in endogenous growth models ⋮ Euler-Lagrange equations of stochastic differential games: application to a game of a productive asset

Cites Work

• Stochastic optimal growth with nonconvexities
• On the avoidance of extinction in one-sector growth models
• Stationary measures for some Markov chain models in ecology and economics
• Stability of stochastic optimal growth models: a new approach
• Stochastic optimal growth with unbounded shock
• Optimal exploitation of renewable resources under uncertainty and the extinction of species
• Stochastic Monotonicity and Stationary Distributions for Dynamic Economies
• Public Finance in Models of Economic Growth
• The Accumulation of Risky Capital: A Sequential Utility Analysis

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