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

Rabah Amir () and Igor Evstigneev

Macroeconomic Dynamics, 1999, vol. 3, issue 2, 149-166

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

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

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