Economic Theory

, Volume 23, Issue 1, pp 13–38 (2004)

Random dynamical systems: a review

Original Paper

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.

Keywords and Phrases:

Random dynamical systems Stability Splitting Contractions Stochastic growth Time series Estimation. 

Copyright information

© Springer-Verlag Berlin/Heidelberg 2003

Authors and Affiliations

  1. 1.Department of MathematicsUniversity of ArizonaTucsonUSA
  2. 2.Department of EconomicsCornell UniversityIthacaUSA

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