A stochastic economic growth model may be transformed into a deterministic economic growth model with an infiaite dimentional Banach space of state-contingent capital stocks[6].This paper proves that under the framewo...A stochastic economic growth model may be transformed into a deterministic economic growth model with an infiaite dimentional Banach space of state-contingent capital stocks[6].This paper proves that under the framework,the stochastic analogUes of the asymptotic turnpike theorems in the standard deterministic economic growth model[5]will continue tO hold if we assume that essentially smooth programs satisfy uniformly essentially dominant diagonal condition.展开更多
基金Supported by the National Science Foundation of China and the Natural Seience Fund of Central China Normal University.
文摘A stochastic economic growth model may be transformed into a deterministic economic growth model with an infiaite dimentional Banach space of state-contingent capital stocks[6].This paper proves that under the framework,the stochastic analogUes of the asymptotic turnpike theorems in the standard deterministic economic growth model[5]will continue tO hold if we assume that essentially smooth programs satisfy uniformly essentially dominant diagonal condition.
