Random Dynamical Systems in Economics

This paper surveys recent advances in the application of random dy- namical systems theory in economics. It illustrates the usefulness of this framework for modeling and analysis of economic phenomena with stochastic components, mainly focusing on stochastic dynamic models in economic growth. The paper also highlights some directions for further applications and interdisciplinary research on random dynamical systems.

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Authors:	Schenk-Hoppé, Klaus Reiner
Institutions:	Institut für Volkswirtschaftslehre, Wirtschaftswissenschaftliche Fakutät
Subject:	random dynamical systems \| dynamic models \| economic growth

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Extent:	application/pdf
Series:	IEW - Working Papers. - ISSN 1424-0459.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IEW-working papers Number 067
Classification:	C00 - Mathematical and Quantitative Methods. General ; O41 - One, Two, and Multisector Growth Models ; E32 - Business Fluctuations; Cycles
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005184891