1
$\begingroup$

According to the paper "On Stochastic Models of Economic Growth" by Assaf Razin and Joseph A. Yahav, stochastic models might be more suitable because a steady state never actually exists in deterministic models.

I'm curious: Do stochastic growth models explain the world better than deterministic growth models? If so, why?

New contributor
freakonomist is a new contributor to this site. Take care in asking for clarification, commenting, and answering. Check out our Code of Conduct.
$\endgroup$
1
  • $\begingroup$ I edited the question because questions that solicit opinions are off topic on this site $\endgroup$
    – 1muflon1
    Jan 11 at 16:20

Your Answer

freakonomist is a new contributor. Be nice, and check out our Code of Conduct.

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Browse other questions tagged or ask your own question.