The analytical solution of balanced growth of non-linear dynamic multi-sector economic model

被引：4
|
作者：
Zhang, Jin Shui [1 ]
机构：
[1] Tsinghua Univ, Sch Econ & Management, Beijing 100084, Peoples R China
来源：
ECONOMIC MODELLING | 2011年 / 28卷 / 1-2期
关键词：
CGE; Neoclassical economic growth model; Multi-sector dynamic model; Golden Rule of Consumption; Optimal accumulation rate; INPUT-OUTPUT MODEL; NEOCLASSICAL GROWTH; STEADY-STATE;
D O I：
10.1016/j.econmod.2010.08.007
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
In a one-sector neoclassical dynamic economic growth model, a reasonable ratio of investment to consumption exists, i.e., the "Golden Rule of Consumption". This study is to extend one-sector neoclassical growth model to a multi-sector one. It is assumed that both the production function and the utility function are of Cobb-Douglas type, and the analytical expression of the balanced growth solution of the multi-sector model is provided, mainly including analytical expressions of the optimal distribution coefficient of fixed capital investment, the optimal distribution coefficient of labor hour, the proportion of production, the economic growth rate, the rate of change of the price index, and rental rates of different fixed capital. (C) 2010 Elsevier B.V. All rights reserved.
引用
收藏
页码：410 / 421
页数：12
相关论文
共 50 条
  • [31] A Multi-sector Nonlinear Dynamic Input-Output Model with Human Capital
    Zhang, Jin Shui
    [J]. ECONOMIC SYSTEMS RESEARCH, 2008, 20 (02) : 223 - 237
  • [32] Time Scales of the Low-Carbon Transition: A Data-Driven Dynamic Multi-Sector Growth Model
    Codina, Oriol Valles
    Semmler, Willi
    [J]. JAHRBUCHER FUR NATIONALOKONOMIE UND STATISTIK, 2024, 244 (03): : 169 - 200
  • [33] Economic growth and greenhouse gases in Europe: A non-radial multi-sector nonparametric production-frontier analysis
    Walheer, Barnabe
    [J]. ENERGY ECONOMICS, 2018, 74 : 51 - 62
  • [34] A non-linear model of economic production processes
    Ponzi, A
    Yasutomi, A
    Kaneko, K
    [J]. PHYSICA A-STATISTICAL MECHANICS AND ITS APPLICATIONS, 2003, 324 (1-2) : 372 - 379
  • [35] Analytical Solution of the Non-linear Michaelis–Menten Pharmacokinetics Equation
    Omari D.
    Alomari A.K.
    Mansour A.
    Bawaneh A.
    Mansour A.
    [J]. International Journal of Applied and Computational Mathematics, 2020, 6 (1)
  • [36] Non-Linear Analytical Model for a Multi-V-Shape IPM with Concentrated Winding
    Akiki, P.
    Hassan, M. Hage
    Vannier, J-C
    Bensetti, M.
    Daguse, B.
    Prieto, D.
    McClelland, M.
    [J]. 2016 XXII INTERNATIONAL CONFERENCE ON ELECTRICAL MACHINES (ICEM), 2016, : 479 - 485
  • [37] A non-linear analytical model for switched reluctance motor
    Liu, SS
    Zhao, ZM
    Meng, S
    Chai, JY
    [J]. 2002 IEEE REGION 10 CONFERENCE ON COMPUTERS, COMMUNICATIONS, CONTROL AND POWER ENGINEERING, VOLS I-III, PROCEEDINGS, 2002, : 2034 - 2037
  • [38] Non-Linear Analytical Model for FRCM Coupon in Tension
    Yuan, Yu
    Milani, Gabriele
    [J]. INTERNATIONAL CONFERENCE ON NUMERICAL ANALYSIS AND APPLIED MATHEMATICS 2022, ICNAAM-2022, 2024, 3094
  • [39] Analytical Skyrmion Solutions of the Non-Linear Sigma Model
    Trimper, S.
    [J]. ACTA PHYSICA POLONICA A, 2019, 135 (06) : 1275 - 1278
  • [40] To the analytical dynamic analysis of non-linear parametric systems with gears
    Hortel, M.
    Skuderova, A.
    [J]. X. INTERNATIONAL CONFERENCE ON THE THEORY OF MACHINES AND MECHANISMS, PROCEEDINGS, 2008, : 267 - 276
12345