Back to Search Start Over

Analysis on government expenditure and non-deterministic growth model under the two sector economic conditions.

Authors :
YANG Bo
CHEN Xueguang
LIN Yutao
Source :
Journal of Huazhong Normal University; Dec2012, Vol. 46 Issue 6, p653-660, 4p
Publication Year :
2012

Abstract

Based on the Benhabib and Farmer's indeterminacy model, an improved model on two-dimensional system was presented by dynamic optimization. Then the stability of this system was analyzed. Finally, it proved that the government's overinvestment would cause the indeterminacy of economic system. [ABSTRACT FROM AUTHOR]

Details

Language :
Chinese
Volume :
46
Issue :
6
Database :
Complementary Index
Journal :
Journal of Huazhong Normal University
Publication Type :
Academic Journal
Accession number :
85227198