Economic Dynamical Systems with Multiplicative Noise

Stachurski, John

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Economic Dynamical Systems with Multiplicative Noise

Date

2003

Authors

Stachurski, John

Publisher

Elsevier

Abstract

The paper considers random economic systems generating nonlinear time series on the positive half-ray ℝ+. Using Lyapunov techniques, new conditions for existence, uniqueness and stability of stationary equilibria are obtained. The conditions generalize