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Tekijä: | Hek, P. de Roy, S. |
Otsikko: | On sustained growth under uncertainty |
Lehti: | International Economic Review
2001 : AUG, VOL. 42:3, p. 801-813 |
Asiasana: | Economic growth Economic performance Uncertainty Stochastic processes |
Kieli: | eng |
Tiivistelmä: | 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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