Fetching the paper…

Reading the bibliography…

2021

A Stochastic Model of Economic Growth in Time-Space

Gozzi, Fausto, Leocata, Marta

Original
PDF
Post on X

Understand

We deal with an infinite horizon, infinite dimensional stochastic optimal control problem arising in the study of economic growth in time-space.

Such problem has been the object of various papers in deterministic cases when the possible presence of stochastic disturbances is ignored.
Here we propose and solve a stochastic generalization of such models where the stochastic term, in line with the standard stochastic economic growth models, is a multiplicative one, driven by a cylindrical Wiener process.
The problem is studied using the Dynamic Programming approach.

A Stochastic Model of Economic Growth in Time-Space · Around

Built on

F. P. Ramsey
1928
Earlier work this paper cites.
M. Rosestolato and A. Święch
1930
Earlier work this paper cites.
E. Biffis, F. Gozzi, and C. Prosdocimi
1938
Earlier work this paper cites.
F. Bourguignon
1974
Earlier work this paper cites.
J.-M. Bismut
1975
Earlier work this paper cites.
R. C. Merton
1975
Earlier work this paper cites.
Z. Ren and M. Rosestolato
1979
Earlier work this paper cites.
A. G. Malliaris and W. A. Brock
1982
Earlier work this paper cites.
S. J. Turnovsky
1993
Earlier work this paper cites.
M. Obstfeld
1994
Earlier work this paper cites.
S. J. Turnovsky
1995
Earlier work this paper cites.

Similar

S. J. Turnovsky
1996
Cited alongside, same era.
T. Vargiolu
1999
Cited alongside, same era.
D. Acemoglu
2004
Cited alongside, same era.
P. Brito
2004
Cited alongside, same era.
G. Freni, F. Gozzi, and N. Salvadori
2006
Cited alongside, same era.
W. Brock and A. Xepapadeas
2008
Cited alongside, same era.
R. Boucekkine, C. Camacho, and B. Zou
2009
Cited alongside, same era.
W. A. Brock and A. Xepapadeas
2009

Then

R. Boucekkine, C. Camacho, and G. Fabbri
2013
Later among the works it cites.
P. E. Kloeden and E. Platen
2013
Later among the works it cites.
G. Fabbri
2016
Later among the works it cites.
A. Xepapadeas and A. N. Yannacopoulos
2016
Later among the works it cites.
G. Fabbri, F. Gozzi, and A. Święch
2017
Later among the works it cites.
G. Fabbri, F. Gozzi, and A. Święch
2017
Later among the works it cites.
A. Cosso, S. Federico, F. Gozzi, M. Rosestolato, and N. Touzi
2018
Later among the works it cites.

Beyond the bibliography

alphaXiv searches the wider corpus for related work and actual follow-ups.

Open on alphaXiv

alphaXiv is searching for related work…

Cited alongside, same era.

H. Morimoto

2010

Cited alongside, same era.

M. Di Giacinto, S. Federico, and F. Gozzi

2011

Cited alongside, same era.

I. Karatzas and S. Shreve

2012

Cited alongside, same era.

R. Boucekkine, G. Fabbri, S. Federico, and F. Gozzi

2019

Later among the works it cites.

M. Rosestolato

2019

Later among the works it cites.

B. Fárkas, M. Friesen, B. Rüdiger, and D. Schroers

2020

Later among the works it cites.

A. Calvia, S. Federico, and F. Gozzi

2021

Closest in time.