Random Dynamical Systems in Economics

University of Zurich, IEER Working Paper No. 67

21 Pages Posted: 4 Apr 2002

See all articles by Klaus Reiner Schenk-Hoppé

Klaus Reiner Schenk-Hoppé

The University of Manchester - Department of Economics

Multiple version iconThere are 2 versions of this paper

Date Written: December 2000

Abstract

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 in economic growth. The paper also highlights some directions for further applications and interdisciplinary research on random dynamical systems.

Suggested Citation

Schenk-Hoppé, Klaus Reiner, Random Dynamical Systems in Economics (December 2000). University of Zurich, IEER Working Paper No. 67, Available at SSRN: https://ssrn.com/abstract=259135 or http://dx.doi.org/10.2139/ssrn.259135

Klaus Reiner Schenk-Hoppé (Contact Author)

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