Stability of the zero and positive equilibria of two connected neoclassical growth models under stochastic perturbations

摘要

A system of two connected nonlinear delay differential neoclassical growth models is considered. Conditions for stability of the zero and positive equilibria of this system under stochastic perturbations of the white noise type that are directly proportional to the deviation of the system state from the equilibrium are obtained. Numerical examples and figures illustrate the obtained theoretical results. (C) 2018 Elsevier B.V. All rights reserved.