caa a22 4500 378868454 CHVBK 20180305123403.0 cr unu---uuuuu 161128e20030701xx s 000 0 eng 10.2202/1558-3708.1104 doi (NATIONALLICENCE)gruyter-10.2202/1558-3708.1104 Stachurski John 1IER, Kyoto University, john@kier.kyoto-u.ac.jp Stochastic Growth with Increasing Returns: Stability and Path Dependence [Elektronische Daten] [John Stachurski] The paper demonstrates global stability in a class of stochastic overlapping generations economies with increasing returns. These results are applied to the study of path dependent dynamics. In particular, for nonlinear stochastic models it is seen that persistence of the historical state and formal ergodicity may easily coincide. A new definition of path dependence is proposed that incorporates such dynamics. ©2011 Walter de Gruyter GmbH & Co. KG, Berlin/Boston Studies in Nonlinear Dynamics & Econometrics De Gruyter 7/2(2003-07-01) 7:2 2003 7 snde https://doi.org/10.2202/1558-3708.1104 text/html Onlinezugriff via DOI 1 research article jats NATIONALLICENCE 856 40 https://doi.org/10.2202/1558-3708.1104 text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- Stachurski John 1IER, Kyoto University, john@kier.kyoto-u.ac.jp NATIONALLICENCE 773 0- Studies in Nonlinear Dynamics & Econometrics De Gruyter 7/2(2003-07-01) 7:2 2003 7 snde CC0 http://creativecommons.org/publicdomain/zero/1.0 nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-gruyter