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| Author: | Hek, P. de Roy, S. |
| Title: | On sustained growth under uncertainty |
| Journal: | International Economic Review
2001 : AUG, VOL. 42:3, p. 801-813 |
| Index terms: | Economic growth Economic performance Uncertainty Stochastic processes |
| Language: | eng |
| Abstract: | The authors analyze a stochastic one-sector model of economic growth and investigate the conditions under which long-run growth occurs almost surely. In contrast to the deterministic version of the model, the utility function plays a crucial role in determining the long-run behavior of output. |
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