随机Learning-by-doing经济增长模型

讨论随机的Learning-by-doing技术经济增长模型,利用随机优化方法巧妙地得出了经济在稳定状态下的期望增长率、无风险利率和消费-财富比,并详细地分析了税收、生产力的波动率、相对风险厌恶系数和时间偏好率对上述诸要素的影响.

Stochastic Learning-by-doing Economic Growth Model

We investigate a stochastic economic growth model with learning-by-doing production function. By using stochastic optimal methods, we obtain expected growth rate, risk-free rate and propensity to consume at the steady state. Finally, we analyze elaborately the impact of taxation and technology parameter and technology volatility on growth rate, risk-free and consume-wealth ratio.