Government Expenditure and Stochastic Endogenous Growth Model

摘要：

This paper employs a continuous-time stochastic endogenous growth model with government expenditure on production and welfare.By the method of dynamic optimization,the macroeconomic equilibrium is derived.And then,the model is used to analyze the macroeconomic effects of government expenditure and its volatility on economic growth.

关键词： stochastic endogenous growth congested government expenditure volatility

作者: Xiong Yan

作者单位: College of Economics,South-Central University for Nationalities,Wuhan 4300731

会议类型: 国际会议

会议名称: 2006 International Conference on Management Science and Engineering(2006管理科学与工程国际学术研讨会)

会议地点: 武汉

会议语种:英文

页码: 80-84

在线出版日期: 2006-11-08（万方平台首次上网日期，不代表论文的发表时间）