Stochastic delay differential neoclassical growth model
Abstract Focusing on delay differential neoclassical growth model in random environments, we introduce the stochastic model to describe the dynamics of the long-run behavior of the economy with a parameter perturbed by white noises. We prove that the global positive solution exists uniquely and esti...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
SpringerOpen
2019-08-01
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| Series: | Advances in Difference Equations |
| Subjects: | |
| Online Access: | http://link.springer.com/article/10.1186/s13662-019-2292-0 |