Stochastic optimal growth with nonconvexities

DOI10.1016/j.jmateco.2005.08.002zbMath1142.91677OpenAlexW2145351814MaRDI QIDQ881983

Kazuo Nishimura, John Stachurski, Ryszard Rundnicki

Publication date: 23 May 2007

Published in: Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jmateco.2005.08.002

zbMATH Keywords

stabilityinstabilityoptimal growthnonconvexities

Mathematics Subject Classification ID

Economic growth models (91B62)

Related Items (9)

On the possibility of extinction in a class of Markov processes in economics ⋮ Fifty years of mathematical growth theory: classical topics and new trends ⋮ A multidimensional, nonconvex model of optimal growth ⋮ Stochastic growth, conservation of capital and convergence to a positive steady state ⋮ Discounted dynamic programming with unbounded returns: application to economic models ⋮ A simple characterisation for sustained growth ⋮ Stochastic optimal growth with bounded or unbounded utility and with bounded or unbounded shocks ⋮ Stability of stochastic optimal growth models: a new approach ⋮ Almost sure convergence to zero in stochastic growth models

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