The paper studies existence, uniqueness and stability of stationary equilibrium distributions in a class of stochastic dynamic models common to economic analysis. The stability conditions provided are suitable for treating multi-sector models and nonlinear time series models with unbounded state.Markov processes, asymptotic stability, semigroups

John Stachurski

Kevin Reffett

Leonard J. Mirman

English

Research Papers in Economics

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Threshold Autoregression with Unit Root,”

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http://www.economics.unimelb.edu.au/downloads/wpapers-04/902.pdf

Some Stability Results for Markovian Economic Semigroups

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Research Papers in Economics