Random fixed points in a stochastic Solow growth model

DOI10.1016/S0304-4068(01)00062-3MaRDI QIDQ5953013zbMATH OpenFDO

Authors Klaus R. Schenk-Hoppé, Björn Schmalfuss

Publication date 2001

Published in Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/S0304-4068(01)00062-3

zbMATH Keywords

Ergodic Markov equilibriaRandom dynamical systemsRandom fixed pointsSolow growth model

Mathematics Subject Classification ID

Random dynamical systems aspects of multiplicative ergodic theory, Lyapunov exponents (37H15) Dynamical systems in optimization and economics (37N40) Economic growth models (91B62)

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Cites work

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• On the Existence of Steady State Measures for One Sector Growth Models with Uncertain Technology
• Stationary Markov Equilibria
• Stationary Ramsey equilibria under uncertainty
• Stochastic Depreciation and the Business Cycle
• Stochastic growth models and their econometric implications
• The occurrence of large values in stationary sequences

Cited in

(19)

• Stochastic growth models and their econometric implications
• The limiting behaviour of Solow's model with uncertainty when the variance goes to zero
• Economic dynamical systems with multiplicative noise.
• Sample-path stability of non-stationary dynamic economic systems
• Simulation-based estimation of dynamic models with continuous equilibrium solutions
• Stochastic shocks in a two-sector Solow model
• Large deviation principle for spatial economic growth model on networks
• A stochastic economic growth model with health capital and state-dependent probabilities
• Market selection of constant proportions investment strategies in continuous time
• Kolmogorov space in time series data
• Some asymptotic properties of the continuous-time stochastic Solow model
• FURTHER INSPECTION OF THE STOCHASTIC GROWTH MODEL BY AN ANALYTICAL APPROACH
• A model of economic growth with physical and human capital: the role of time delays
• IS THERE A GOLDEN RULE FOR THE STOCHASTIC SOLOW GROWTH MODEL?
• scientific article; zbMATH DE number 1442038 (Why is no real title available?)
• Stationary distribution of stochastic Solow model
• Multiple attractors and business fluctuations in a nonlinear macro-model with equity rationing
• Stability and mean growth rate of stochastic Solow model driven by jump-diffusion process
• Financial frictions and the wealth distribution

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