, Volume 23, Issue 1, pp 13-38 (2004)

Random dynamical systems: a review

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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.

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.