Stochastic shocks in a two-sector Solow model
نویسندگان
چکیده
منابع مشابه
Stochastic shocks in a two-sector Solow model
We study a stochastic, discrete-time, two-sector growth model á-la Solow (1956) characterized by perpetual growth. Assuming that exogenous i.i.d. shocks hit the physical production sector, we show that the capital dynamics can be converted, through an appropriate log-transformation, into an Iterated Function System converging to an invariant distribution supported on a Cantor set.
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ژورنال
عنوان ژورنال: International Journal of Mathematical Modelling and Numerical Optimisation
سال: 2012
ISSN: 2040-3607,2040-3615
DOI: 10.1504/ijmmno.2012.049604