Stochastic growth with increasing returns: Stability and path dependence

Studies in Nonlinear Dynamics and Econometrics

Volumn 7, Issue 2, 2003, Pages

  Stachurski, John ^a  

^a KYOTO UNIVERSITY   (Japan)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 14844345889     PISSN: 15583708     EISSN: 10811826     Source Type: Journal    
DOI: 10.2202/1558-3708.1104     Document Type: Article

References (13)

1. Acemoglu, D. and F. Zilibotti (1997): "Was Prometheus Unbound by Chance? Risk, Diversification and Growth," Journal of Political Economy, 105, 709-751.
2. Arthur, W. B. (1994): Increasing Returns and Path Dependence in the Economy. Ann Arbor: The University of Michigan Press.
3. Azariadis, C. and A. Drazen (1990): "Threshold Externalities in Economic Development," Quarterly Journal of Economics, 105, 501-526.
4. Brock, W. A. and L. Mirman (1972): "Optimal Economic Growth and Uncertainty: The Discounted Case," Journal of Economic Theory, 4, 479-513.
5. David, P. A. (1997): "Path Dependence and the Quest for Historical Economics: one more Chorus for the Ballad of QWERTY," University of Oxford Discussion Papers in Economic and Social History, 20.
6. Futia, C. A. (1982): "Invariant Distributions and the Limiting Behavior of Markovian Economic Models," Econometrica, 50, 377-408.
7. Galor, O. and J. Zeira (1993): "Income Distribution and Macroeconomics," Review of Economic Studies, 60, 35-52.
8. Huisinga, W. (2001): "Metastability of Markovian Systems: A Transfer Operator Approach in Application to Molecular Dynamics," Ph.D. dissertation, Berlin.
9. Matsuyama, K. (1991): "Increasing Returns, Industrialization and Indeterminacy of Equilibrium," Quarterly Journal of Economics, 106, 617-650.
10. Mackey, M. C., A. Longtin and A. Lasota (1990): "Noise-Induced Global Asymptotic Stability," Journal of Statistical Physics, 60, 735-751.
11. Quah, D. (1996): "Convergence Empirics Across Economies with (some) Capital Mobility," Journal of Economic Growth, 1, 95-124.
12. Stachurski, J. (2002): "Economic Dynamical Systems with Multiplicative Noise," Journal of Mathematical Economics, 39 (1-2), 135-152.
13. Stokey, N. L., R. E. Lucas and E. C. Prescott (1989): Recursive Methods in Economic Dynamics. Massachusetts: Harvard University Press.