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  • 标题:An Economic Growth Model with Optimal Growth Rate and Individual Years of Schooling
  • 本地全文:下载
  • 作者:Huan Yang ; Donghan Cai ; Zhongbin Chen
  • 期刊名称:Discrete Dynamics in Nature and Society
  • 印刷版ISSN:1026-0226
  • 电子版ISSN:1607-887X
  • 出版年度:2015
  • 卷号:2015
  • DOI:10.1155/2015/925753
  • 出版社:Hindawi Publishing Corporation
  • 摘要:An economic growth model with individual years of schooling is present. It is proved that there exist optimal individual years of schooling for fixed wage growth rate. On the other hand, the economy has balance growth path for given individual years of schooling. Finally, we prove that there exist optimal individual years of schooling and economic growth rate such that the individual lifetime utility reaches maximum and the economy grows on a balance growth path.
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