Stochastic growth: asymptotic distributions

This note studies conditions under which sequences of state variables generated by discrete-time stochastic optimal accumulation models have law of large numbers and central limit properties. Productivity shocks with unbounded support are considered. Instead of restrictions on the support of the shock, an “average contraction” property is required on technology. Copyright Springer-Verlag Berlin Heidelberg 2003

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Year of publication:	2003
Authors:	Stachurski, John
Published in:	Economic Theory. - Springer. - Vol. 21.2003, 4, p. 913-919
Publisher:	Springer
Subject:	Stochastic growth \| Law of large numbers \| Central limit theorem

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Extent:	text/html
Type of publication:	Article
Classification:	C51 - Model Construction and Estimation ; C62 - Existence and Stability Conditions of Equilibrium ; O41 - One, Two, and Multisector Growth Models
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005597791