Stochastic Optimal Economic Growth Model with Natural Resources

被引：0
|
作者：
ZHOU Shaobo~1
2. School of Mathematics and Statistics
机构：
来源：
Wuhan University Journal of Natural Sciences | 2006年 / 03期
关键词：
natural resources; optimal portfolio; expected growth rate;
D O I：
暂无
中图分类号：
F224 [经济数学方法];
学科分类号：
0701 ; 070104 ;
摘要：
The paper examines an economic growth problem how social planners reasonably open up and retain natural resources. The objective is to maximize the total expected discounted utility of comsumption. Social planners’ optimal decision and optimal expected rates at the steady state are derived. At last, how productivity and productivity shock affect on the expected growth rate, consumption-resources ratio and the fraction of exploited resources, are analyzed.
引用
收藏
页码：511 / 514
页数：4
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