Basic stochastic dynamic systems of growth and trade

Review of International Economics

Volumn 7, Issue 3, 1999, Pages 378-402

  Jensen, Bjarne S ^a   Wang, Chunyan ^a  

^a Department of Innovation and Organizational Economics   (Denmark)

Author keywords

[No Author keywords available]

Indexed keywords

ECONOMIC DEVELOPMENT; ENDOGENOUS GROWTH; GROWTH THEORY; THEORETICAL STUDY;

EID: 0032733093     PISSN: 09657576     EISSN: None     Source Type: Journal    
DOI: 10.1111/1467-9396.00171     Document Type: Article

References (28)

1. Baron, David P. and Robert Forsythe, "Models of the Firm and International Trade under Uncertainty," American Economic Review 69 (1979):565-74.
2. Batra, Raveendra N., "Resource Allocation in a General Equilibrium Model of Production under Uncertainty," Journal of Economic Theory 8 (1974):50-63.
3. Bourguignon, Francois, "A Particular Class of Continuous-Time Stochastic Growth Models," Journal of Economic Theory 9 (1974):141-58.
4. Chang, Fwu R. and A. G. Malliaris, "Asymptotic Growth under Uncertainty - Existence and Uniqueness," Review of Economic Studies 54 (1987):169-74.
5. Deardorff, Alan V., Growth and Trade in a Two-Sector World, unpublished PhD dissertation, Cornell University (1971).
6. _, "A Geometry of Growth and Trade," Canadian Journal of Economics 7 (1974):295-306.
7. Grinols, Earl L., Uncertainty and the Theory of International Trade, Chur, Switzerland: Harwood Academic Publishers (1987).
8. Helpman, Elhanan and Assaf Razin, A Theory of International Trade under Uncertainty, NY: Academic Press (1978).
9. Ito, Kiyosi and Henry P. McKean, Jr., Diffusion Processes and Their Sample Paths, Berlin: Springer-Verlag (1965).
10. Jensen, Bjarne S., The Dynamic Systems of Basic Economic Growth Models, Dordrecht: Kluwer Academic Publishers (1994).
11. Jensen, Bjarne S. and Mogens Esrom Larsen, "Growth and Long-Run Stability," Acta Applicandae Mathematicae 9 (1987):219-37.
12. Jensen, Bjarne S. and Chunyan Wang, "General Equilibrium Dynamics of Basic Trade Models for Growing Economies," in Bjarne S. Jensen and Kar-yiu Wong (eds.), Dynamics, Economic Growth, and International Trade, Ann Arbor: University of Michigan Press (1997).
13. Karlin, Samuel and Howard M. Taylor, A Second Course in Stochastic Processes, NY: Academic Press (1981).
14. Kemp, Murray C., Three Topics in the Theory of International Trade - Distribution, Welfare and Uncertainty, NY: North-Holland/Elsevier (1976).
15. Kemp, Murray C. and Nissan Liviatan, "Production and Trade Patterns under Uncertainty," Economic Record 49 (1973):215-27.
16. Kemp, Murray C., Ngo Van Long, and Koji Okuguchi, "On the Possibility of Deriving Conclusions of Stolper-Samuelson Type When Commodity Prices Are Random," Economic Studies Quarterly 32 (1981):111-16.
17. Klump, Rainer, "On the Institutional Determinants of Economic Development - Lessons from a Stochastic Neoclassical Growth Model," Jahrbuch für Wirtschaftswissenschaft 46 (1995):138-51.
18. Malliaris, A. G. and William A. Brock, Stochastic Methods in Economics and Finance, Amsterdam: North-Holland/Elsevier (1982).
19. Mandl, Petr, "Analytical Treatment of One-Dimensional Markov Processes," (Die Grundlehren der mathematischen Wissenschaften in Einzeldarstellungen, Band 151), Berlin: Springer-Verlag (1968).
20. Merton, Robert C., "An Asymptotic Theory of Growth under Uncertainty," Review of Economic Studies 42 (1975):375-93.
21. Øksendal, Bernt, Stochastic Differential Equations - An Introduction with Applications, 3rd edn., Berlin: Springer-Verlag (1992).
22. Pomery, John, "Uncertainty in Trade Models," in Ronald W. Jones and Peter B. Kenen (eds.), Handbook in International Economics, Vol. I, NY: North-Holland/Elsevier (1984).
23. Ruffin, Roy J., "International Trade under Uncertainty," Journal of International Economics 4 (1974a):243-59.
24. _, "Comparative Advantage under Uncertainty," Journal of International Economics 4 (1974b):261-73.
25. Stigum, Bernt P., "Balanced Growth under Uncertainty," Journal of Economic Theory 5 (1972):42-68.
26. Turnovsky, Stephen J., "Technological and Price Uncertainty in a Ricardian Model of International Trade," Review of Economic Studies 41 (1974):201-17.
27. Wong, Kar-yiu, International Trade in Goods and Factor Mobility, Cambridge: MIT Press (1995).
28. Young, Leslie, "Uncertainty and the Theory of International Trade in Long-Run Equilibrium," Journal of Economic Theory 32 (1984):67-92.