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Stochastic Growth: Asymptotic Distributions

Stachurski, John


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.

CollectionsANU Research Publications
Date published: 2003
Type: Journal article
Source: Economic Theory
DOI: 10.1007/s00199-002-0259-x


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