The Stochastic Optimal Control Model for Chinas Optimum Economic Growth
On the stochastic models of economic optimization of Prof. Chen M F, this paper chooses Prescotts paradigm to analyze Chinas optimum economic growth, finds a stochastic optimal control model for Chinas economic growth, acquires a worthy Euler equation of this model, and gives the optimal numerical solution of this model, which would help planners could easily allocate investment of capital and labor on Chinas economy best.
Chinas economy optimum economic growth stochastic optimal control model prescotts paradigm
WU Guo-fu CHEN Sen-fa Chen Xiao-Yu Chen Tao
School of Economics and Management Southeast University Nanjing, China School of Public Affairs Guilin University of Electronic Technology Guilin Guangxi, China
国际会议
太原
英文
142-144
2010-10-22(万方平台首次上网日期,不代表论文的发表时间)