Stochastic growth: asymptotic distributions

John Stachurski ()

Economic Theory, 2003, vol. 21, issue 4, 913-919

Abstract: This note studies conditions under which sequences of state variables generated by discrete-time stochastic optimal accumulation models have law of large numbers and central limit properties. Productivity shocks with unbounded support are considered. Instead of restrictions on the support of the shock, an “average contraction” property is required on technology. Copyright Springer-Verlag Berlin Heidelberg 2003

Keywords: Keywords and Phrases: Stochastic growth; Law of large numbers; Central limit theorem.; JEL Classification Numbers: C51; C62; O41. (search for similar items in EconPapers)
Date: 2003
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Citations: View citations in EconPapers (4)

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Working Paper: Stochastic Growth: Asymptotic Distributions (2001)
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DOI: 10.1007/s00199-002-0259-x

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