RANDOM DYNAMICAL SYSTEMS IN ECONOMICS
- SCHENK-HOPPÉ, KLAUS REINER Institute for Empirical Research in Economics, University of Zurich, Blümlisalpstrasse 10, 8006 Zürich, Switzerland
- 2012-1-25
Published in:
- Stochastics and Dynamics. - World Scientific Pub Co Pte Lt. - 2001, vol. 01, no. 01, p. 63-83
English
This paper surveys recent advances in the application of random dynamical systems theory in economics. It illustrates the usefulness of this framework for modeling and analysis of economic phenomena with stochastic components, mainly focusing on stochastic dynamic models of economic growth. The paper also highlights some directions for further applications and interdisciplinary research on random dynamical systems.
- Language
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- English
- Open access status
- green
- Identifiers
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- DOI 10.1142/s0219493701000059
- ISSN 0219-4937
- Persistent URL
- https://sonar.ch/global/documents/66361
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