STOCHASTIC VERSION OF POLTEROVICH'S MODEL: EXPONENTIAL TURNPIKE THEOREMS FOR EQUILIBRIUM PATHS

Rabah AMIR () and Igor V. Evstigneev

Macroeconomic Dynamics, 1999, vol. 3, issue 02, pages 149-166

Abstract: The paper examines a stochastic analogue of the Polterovich model ofeconomic dynamics. The study focuses on the asymptotic properties ofequilibrium paths. The main results are stochastic turnpike theorems withexponential estimates of the convergence rate.

Date: 1999
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Persistent link: http://EconPapers.repec.org/RePEc:cup:macdyn:v:3:y:1999:i:02:p:149-166_01

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