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基于非期望效用函数的随机经济增长模型
The model for stochastic economic growth based on non expected utility
【摘要】 采用非期望效用偏好结构 ,引入生产性政府花费 ,建立了连续时间随机经济增长模型 .利用随机最优化方法 ,确定了宏观均衡解 .在模型中讨论了产出的波动、税后资本平均回报率以及收入税对经济的宏观影响 ,得出了最优收入税税率的表达式τ =1-α .
【Abstract】 Under non expected utility, this paper developed a continuous time stochastic economic growth model with productive government expenditure. By the method of stochastic optimization, the macroeconomic equilibrium was derived. The model was used to analyze the macroeconomic effects of productive volatility, average after tax capital return and income taxation on economy. The expression of optimal income tax rate τ *=1-α was derived.
【关键词】 随机经济增长;
非期望效用;
收入税;
政府花费;
【Key words】 stochastic economic growth; non-expected utility; income taxation; government expenditure;
【Key words】 stochastic economic growth; non-expected utility; income taxation; government expenditure;
- 【文献出处】 华中科技大学学报(自然科学版) ,Journal of Huazhong University of Science and Technology , 编辑部邮箱 ,2005年03期
- 【分类号】F224
- 【被引频次】7
- 【下载频次】267