Some Stability Results for Markovian Economic Semigroups

The paper studies existence, uniqueness and stability of stationary equilibrium distributions in a class of stochastic dynamic models common to economic analysis. The stability conditions provided are suitable for treating multi-sector models and nonlinear time series models with unbounded state.

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Year of publication:	2004
Authors:	Mirman, Leonard J. ; Reffett, Kevin ; Stachurski, John
Institutions:	Department of Economics, Faculty of Business and Economics
Subject:	Markov processes \| asymptotic stability \| semigroups

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Extent:	application/pdf
Series:	Department of Economics - Working Papers Series.
Type of publication:	Book / Working Paper
Notes:	Number 902 21 pages
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005750784