Human Capital, Tax and Stochastic Economic Growth

HU Yuan-bo

doi:10.3969/j.issn.1009-444X.2009.02.021

Volume 23 Issue 2

Jun. 2009

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Article Navigation > Journal of Shanghai University of Engineering Science > 2009 > 23(2): 187-190

HU Yuan-bo. Human Capital, Tax and Stochastic Economic Growth[J]. Journal of Shanghai University of Engineering Science, 2009, 23(2): 187-190. doi: 10.3969/j.issn.1009-444X.2009.02.021

Citation:

HU Yuan-bo. Human Capital, Tax and Stochastic Economic Growth[J]. Journal of Shanghai University of Engineering Science, 2009, 23(2): 187-190. doi: 10.3969/j.issn.1009-444X.2009.02.021

HU Yuan-bo. Human Capital, Tax and Stochastic Economic Growth[J]. Journal of Shanghai University of Engineering Science, 2009, 23(2): 187-190. doi: 10.3969/j.issn.1009-444X.2009.02.021

Citation:

HU Yuan-bo. Human Capital, Tax and Stochastic Economic Growth[J]. Journal of Shanghai University of Engineering Science, 2009, 23(2): 187-190. doi: 10.3969/j.issn.1009-444X.2009.02.021

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Human Capital, Tax and Stochastic Economic Growth

doi: 10.3969/j.issn.1009-444X.2009.02.021

HU Yuan-bo

Publish Date: 2009-06-30

Abstract

Abstract

Based on the stochastic optimization method, the effect of education investment and taxation on eco-nomic growth and social welfare was analyzed in a stochastic economic growth model. The optimized economic growth rate and the ratios of capital to wealth and consumption to wealth were worked out through the Bell-man equation when economic equilibrium reached. Furthermore, how taxation and individual education invest-ment affect economic equilibrium growth rate and social welfare was analyzed.
- education investment,
- taxation,
- stochastic economic growth