Stochastic Optimal Growth with Unbounded Shock.

This paper considers a neoclassical optimal growth problem where the shock that perturbs the economy in each time period is potentially unbounded on the state space. Sufficient conditions for existence, uniqueness and stability of equilibria are derived in terms of the primitives of the model using new techniques from the field of perturbed dynamical systems.

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Year of publication:	2001
Authors:	Stachurski, J.
Institutions:	Department of Economics, Faculty of Business and Economics
Subject:	ECONOMIC GROWTH \| ECONOMIC MODELS

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Series:	Department of Economics - Working Papers Series.
Type of publication:	Book / Working Paper
Notes:	Number 777 31 pages
Classification:	O40 - Economic Growth and Aggregate Productivity. General ; O32 - Management of Technological Innovation and R&D
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005574866