Convergence towards a steady-state distribution
(2007)
Journal Article
Webber, D. J., & White, P. (2007). Convergence towards a steady-state distribution. Economics Letters, 94(3), 338-341. https://doi.org/10.1016/j.econlet.2006.08.015
The convergence literature frequently presupposes some unidentified steady-state distribution. This paper presents a new method to identify the presence and rate of convergence to a steady-state distribution. The method is illustrated with applicatio... Read More about Convergence towards a steady-state distribution.