Stochastic growth: Asymptotic distributions

John Stachurski

doi:10.1007/s00199-002-0259-x

Stochastic growth: Asymptotic distributions

John Stachurski^*

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

5 Citations (Scopus)

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.

Original language	English
Pages (from-to)	913-919
Number of pages	7
Journal	Economic Theory
Volume	21
Issue number	4
DOIs	https://doi.org/10.1007/s00199-002-0259-x
Publication status	Published - Jun 2003
Externally published	Yes

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title = "Stochastic growth: Asymptotic distributions",

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JO - Economic Theory

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Stochastic growth: Asymptotic distributions

Abstract

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