Work

Stochastic delay differential neoclassical growth model

Year: 2019

Type: article

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 estimate its ultimate boundedness in mean and sample Lyapunov exponent. Finally, some numerical tests are given to illustrate theoretical results.

Source: Advances in Difference Equations

DOI: 10.1186/s13662-019-2292-0

Authors: Wentao Wang, Wei Chen

Institutions: Shanghai University of Engineering Science, Shanghai Lixin University of Accounting and Finance

Language: English

Topic: Nonlinear Differential Equations Analysis

Subfield: Applied Mathematics

Field: Mathematics

Domain: Physical Sciences

Open Access status: gold

Estimated APC paid: $1,790

OpenAlex ID: W2969408752

FWCI: 3.662

Cites: 25

Cited by: 19

Related to: 10