Search Results - subject:"Stochastic Growth"

Almost sure convergence to zero in stochastic growth models

Kamihigashi, Takashi - 2005

Persistent link: https://www.econbiz.de/10003065887

Endogenous redistributive cycles : an overlapping generations approach to social conflict and cyclical growth

Clemens, Christiane (contributor); … - 2005

This paper discusses the emergence of endogenous redistributive cycles in a stochastic growth model with incomplete … endogenous redistributive cycles in a stochastic growth model with incomplete asset markets and heterogeneous … Introduction In this paper, we present a model of stochastic growth with incomplete asset markets and heterogeneous agents, where …

Persistent link: https://www.econbiz.de/10003317278

Stochastic optimal growth with a non-compact space

Zhang, Yuzhe (contributor) - 2005

of the invariant distribution in this dynamic system. Keywords: stochastic growth, stochastic dominance, monotonic … stability properties of the stochastic growth model have been extensively studied. The original work on stochastic growth was by … stochastic growth model is introduced in Section 3. Section 4 discusses properties of the transitional operator governing the …

Persistent link: https://www.econbiz.de/10003223687

Stochastic optimal growth with bounded or unbounded utility and with bounded or unbounded shocks

Kamihigashi, Takashi - 2005

Persistent link: https://www.econbiz.de/10003237173

Globalization, the volatility of intermediate goods prices, and economic growth

Steger, Thomas M.; Bretschger, Lucas - 2005 - This version: December 2005

We set up a dynamic stochastic model of a stylized economy comprising a final output sector (with traditional and modern firms) and an intermediate goods sector. It is shown that market integration reduces the volatility of the rate of return of capital invested in modern firms. The induced...

Persistent link: https://www.econbiz.de/10011793622

Computable bounds for extreme event probabilities in stochastic economic models

Stachurski, John (contributor) - 2005

Persistent link: https://www.econbiz.de/10002581773

Endogenous Growth Cycles

Wälde, Klaus - 2005

Current explanations for why a growing economy necessarily goes through periods of high and low growth predict countercyclical R&D investment. As this is very controversial from an empirical perspective, a stochastic Poisson model of endogenous growth cycles is presented where the determinants...

Persistent link: https://www.econbiz.de/10014063752

Theory of Stochastic Optimal Economic Growth

Olson, Lars J.; Roy, Santanu - 2005

Persistent link: https://www.econbiz.de/10014067632

Sustained positive consumption in a model of stochastic growth: The role of risk aversion

Mitra, Tapan; Roy, Santanu - In: Journal of Economic Theory 147 (2012) 2, pp. 850-880

In a stochastic economy, long run consumption and output may not be bounded away from zero even when productivity is arbitrarily high near zero and uncertainty is arbitrarily small. In the one-sector stochastic optimal growth model with i.i.d. production shocks, we characterize the nature of...

Persistent link: https://www.econbiz.de/10010576551

A stochastic dynamic model of trade and growth: Convergence and diversification

Chatterjee, Partha; Shukayev, Malik - In: Journal of Economic Dynamics and Control 36 (2012) 3, pp. 416-432

There is a growing literature that studies the properties of models that combine international trade and neoclassical growth theory, but mostly in a deterministic setting. In this paper we introduce uncertainty in a dynamic Heckscher–Ohlin model and characterize the equilibrium of a small open...

Persistent link: https://www.econbiz.de/10010577449