Abstract
This paper is devoted to the study of a one-sector stochasticgrowth model with the depreciation factor of the output and withbounded and unbounded utility, in which the shocks are allowed tobe bounded or unbounded. Under certain assumptions, the existenceof a unique optimal policy function for the model is shown to betrue and the existence of an invariant distribution for the outputprocess is confirmed.
Full Text 
Sign-in/Register to access full text options
Sign-in/Register to access full text options 
Published version (
Free)
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
