文章基本信息
- 标题：Stochastic Versions of Turnpike Theorems in the Sense of Uniform Topology
- 本地全文：下载
- 作者：Darong Dai
- 期刊名称：Annals of Economics and Finance
- 电子版ISSN：1529-7373
- 出版年度：2012
- 卷号：13
- 期号：01
- 出版社：Peking University Press
- 摘要：
In this paper, a stochastic endogenous aggregative growth model is con-
structed and two main results are established, based on endogenous horizon
of the economy and endogenous terminal capital stock, which is also ecient
capital accumulation in some sense. First, strong turnpike theorems under
uncertainty and in the sense of uniform topology are obtained; second, ine-
cacy of temporary scal policy, which is chosen to be capital income taxation,
has been demonstrated in comparatively weak conditions di erent from Yano
(1998)'s. - 关键词：Stochastic endogenous growth; Uniform-topology turnpike theorems;Endogenous terminal stock; Endogenous welfare function; Capital incometaxation.
