| The Educational Efficiency in the Economic Growth with Exhaustible Resource：An endogenous technical progress model |
| |
| 作者姓名： | LI Chulin LI Dong |
| |
| 作者单位： | Department of Mathematics，Department of Quantitatives Economics Huazhong University of Science and Technology Wuhan，Hubei 430074，China |
| |
| 摘 要： | ＴｈｅＥｄｕｃａｔｉｏｎａｌＥｆｆｉｃｉｅｎｃｙｉｎｔｈｅＥｃｏｎｏｍｉｃＧｒｏｗｔｈｗｉｔｈＥｘｈａｕｓｔｉｂｌｅＲｅｓｏｕｒｃｅ：ＡｎｅｎｄｏｇｅｎｏｕｓｔｅｃｈｎｉｃａｌｐｒｏｇｒｅｓｓｍｏｄｅｌＬＩＣｈｕｌｉｎ；ＬＩＤｏｎｇ（Ｄｅｐａｒｔｍｅ...
|
The Educational Efficiency in the Economic Growth with Exhaustible Resource: An endogenous technical progress model |
| |
| LI Chulin, LI Dong.The Educational Efficiency in the Economic Growth with Exhaustible Resource: An endogenous technical progress model[J].Journal of Systems Science and Systems Engineering,1996(3). |
| |
| Authors: | LI Chulin LI Dong |
| |
| Abstract: | In this paper we consider optimal economic growth in the presence of exhaustible resource, exogenous population growth, and endogenous technical progress. A production function with endogenous technical progress and a more appropriate objective function are suggested. In this new framework we determine the conditions required to ensure exponentially growing, as opposed to declining, consumption. Optimal per capita consumption will be less likely to be incerasing when: the educational efficiency is low; the planner cares little about future; population grows rapidly; and the elasticity of marginal utility is high. |
| |
| Keywords: | economic growth endogenous technical progress educational efficiency |
| 本文献已被 CNKI 等数据库收录！ |
