Optimal allocation of resources in the material production sector and human capital sector
The largest social welfare is the highest goal that the allocation of resources can achieve, which means the optimal allocation of resources can achieve the ideal state.The thesis builds up a stochastic model and discusses the impact of many parameters on econmic growth and social welfare. The author thinks that increasing efficiency of material production sector and human capital sector or the risk will promote the flow of physical capital to human resources and accelerate economic growth and when the contribution of human capital on output is greater than that of physical capital, incrcascing investment in human capital sector has more significant effect in promoting welfare The conclusion is drawn that proper inputs on the two departments have an important impact on enhancing economic growth and welfare.
economic growth welfare optimal allocation optimal decision
Wan Xianglan Zhou jun
School of Economics, Wuhan University of Technology School of Science ,Hubei University of Technolog School of Economics,Wuhan University of Technology Wuhan ,,China
国际会议
武汉
英文
220-222
2011-08-20（万方平台首次上网日期，不代表论文的发表时间）