On Sustained Growth Under Uncertainty
分析了一个随机单部门经济增长模型,研究长期增长几乎必然发生的条件,发现与确定性版本不同,效用函数对产出长期行为起关键作用。
We analyze a stochastic one‐sector model of economic growth and investigate the conditions under which long‐run growth occurs almost surely. In contrast to the deterministic version of the model, the utility function plays a crucial role in determining the long‐run behavior of output.