Some stability results for Markovian economic semigroups
The paper studies existence, uniqueness and stability of stationary equilibrium distributions in a class of stochastic dynamic models common to economic analysis. The stability conditions provided are suitable for treating multi-sector models and nonlinear time series models with unbounded state.
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Volume (Year): 1 (2005)
Issue (Month): 1 ()
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References listed on IDEAS
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- Futia, Carl A, 1982. "Invariant Distributions and the Limiting Behavior of Markovian Economic Models," Econometrica, Econometric Society, vol. 50(2), pages 377-408, March.
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122247000000000224, UCLA Department of Economics.
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- repec:cup:macdyn:v:1:y:1997:i:4:p:740-69 is not listed on IDEAS
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