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Sensitive Analysis of Sustainable Economy Growth Based on Resources Consumption, Technology Progress and Human Capital

  • Zheng-xia He
Conference paper
Part of the Computational Risk Management book series (Comp. Risk Mgmt)

Abstract

This paper constructs a dynamic economy growth model with the elements of resource consumption, technology progress and endogenous human capital to discuss the optimal economy growth path applying the optimized control methods. Through sensitive analysis the research demonstrates that consumer’s intertemporal substitute elasticity, human capital accumulation efficiency, and time discount rate determine the optimal economy growth path. Consumer’s intertemporal substitute elasticity, time discount rate, and factor output elasticity of product have effects on stable economy growth rate and resource consumption velocity.

Keywords

Human capital Resources consumption Sensitive analysis Sustainable growth Technology progress 

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Copyright information

© Springer-Verlag Berlin Heidelberg 2011

Authors and Affiliations

  • Zheng-xia He
    • 1
  1. 1.School of EconomicsXuzhou Normal UniversityXuzhouPeople’s Republic of China

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