DocumentCode
566074
Title
Congested government expenditure in a stochastic endogenous growth model with production and consumption features
Author
Yang, Bo ; Chen, Xueguang
Author_Institution
Department of control science and technology, Huazhong University of Science and Technology, Wuhan, Hubei, China
fYear
2012
fDate
24-26 June 2012
Firstpage
679
Lastpage
682
Abstract
In this paper, we discuss the continuous-time stochastic endogenous growth model with congestion. And we consider tow cases: one is that congestion has production utility, the second is that congestion has welfare utility. With this model, we demonstrate and analyze the macroeconomic effects of government expenditure and its volatility on economic growth and individual propensity to consume.
Keywords
congested government expenditure; stochastic endogenous growth model;
fLanguage
English
Publisher
ieee
Conference_Titel
Modelling, Identification & Control (ICMIC), 2012 Proceedings of International Conference on
Conference_Location
Wuhan, Hubei, China
Print_ISBN
978-1-4673-1524-1
Type
conf
Filename
6260256
Link To Document