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Stochastic Optimal Growth with Unbounded Shock Author info | Abstract | Publisher info | Download info | Related research | Statistics Stachurski, J.
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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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Paper provided by The University of Melbourne in its series Department of Economics - Working Papers Series with number
777.
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Length: 31 pages
Date of creation: 2001Date of revision:
Handle: RePEc:mlb:wpaper:777Contact details of provider: Postal: Department of Economics, The University of Melbourne, 5th Floor, Economics and Commerce Building, Victoria, 3010, Australia Phone: +61 3 8344 5289 Fax: +61 3 8344 6899 Email: Web page: http://www.economics.unimelb.edu.au More information through EDIRC
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Keywords: ECONOMIC GROWTH ECONOMIC MODELS Other versions of this item:
Find related papers by JEL classification: O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General O32 - Economic Development, Technological Change, and Growth - - Technological Change - - - Management of Technological Innovation and R&D
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Takashi Kamihigashi, 2006.
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Azariadis, Costas & Stachurski, John, 2005.
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[Downloadable!] (restricted) Kazuo Nishimura & Ryszard Rudnicki & John Stachurski, 2004.
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Takashi Kamihigashi, 2006.
"Stochastic Optimal Growth with Bounded or Unbounded Utility and with Bounded or Unbounded Shocks ,"
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Stachurski, J., 2001.
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