Summary.
This paper provides a review of some results on the stability of random dynamical systems and indicates a number of applications to stochastic growth models, linear and non-linear time series models, statistical estimation of invariant distributions, and random iterations of quadratic maps.
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Received: 16 August 2002, Revised: 9 January, 2003,
JEL Classification Numbers:
C1, C6, D8, D9.
Correspondence to: Mukul Majumdar
Thanks are due to A. Goswami and B.V. Rao for their detailed comments on an earlier version.
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Bhattacharya, R., Majumdar, M. Random dynamical systems: a review. Economic Theory 23, 13–38 (2004) (2003). https://doi.org/10.1007/s00199-003-0357-4
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DOI: https://doi.org/10.1007/s00199-003-0357-4