ASYMPTOTICS OF STOCHASTIC RECURSIVE ECONOMIES UNDER MONOTONICITY

This paper presents a new mixing condition for dynamic economies with a Markov structure. The mixing condition is stated in terms of order, and generalizes a number of wellknown conditions used to establish stability of monotone dynamic models. By generalizing the key insights of the original conditions, we derive a set of results with applications to many theoretical and time series models.

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Year of publication:	2009-01
Authors:	Kamihigashi, Takashi ; Stachurski, John
Institutions:	Institute of Economic Research, Kyoto University

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Extent:	application/pdf
Series:	KIER Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 666
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005385283