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A Random Endogenous Economic Growth Model and Equilibrium Analysis

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Advances in Computer Science and Education

Part of the book series: Advances in Intelligent and Soft Computing ((AINSC,volume 140))

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Abstract

In this paper, a new random endogenous economic growth model is proposed by introducing an elastic labour supply to a simple AK model. The economic equilibrium of decentralized economy is analysed, and the influences of distorted taxes, government public spending and public consumption on fiscal policy are discussed. Based on these results, equilibrium growth rate and the corresponding economic rules are obtained, and the optimal fiscal policies are given.

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References

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Author information

Authors and Affiliations

  1. School of science, Wuhan Institute of Technology, Wuhan, 430073, Hubei, P.R. China

    Zhongcheng Zhang

Authors
  1. Zhongcheng Zhang
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Corresponding author

Correspondence to Zhongcheng Zhang .

Editor information

Editors and Affiliations

  1. Guangzhou Section of ISER Association, Guangzhou, China, People's Republic

    Anne Xie

  2. Guangzhou Section of ISER Association, Guangzhou, China, People's Republic

    Xiong Huang

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© 2012 Springer-Verlag GmbH Berlin Heidelberg

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Zhang, Z. (2012). A Random Endogenous Economic Growth Model and Equilibrium Analysis. In: Xie, A., Huang, X. (eds) Advances in Computer Science and Education. Advances in Intelligent and Soft Computing, vol 140. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-27945-4_14

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  • DOI: https://doi.org/10.1007/978-3-642-27945-4_14

  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-642-27944-7

  • Online ISBN: 978-3-642-27945-4

  • eBook Packages: EngineeringEngineering (R0)

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