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