This paper constructs a stochastic endogenous growth model through introducing h into utility function,which is the symbol oflevel of education.We study the productive and welfare utility problem of human capital and ...This paper constructs a stochastic endogenous growth model through introducing h into utility function,which is the symbol oflevel of education.We study the productive and welfare utility problem of human capital and education. By using stochastic analysis methodsand Poisson process, we analyze the relationship between the model parameters,welfare and increase rate under equilibrium level. More-over we discuss the individuals'welfare,some helpful results are obtained.展开更多
文摘This paper constructs a stochastic endogenous growth model through introducing h into utility function,which is the symbol oflevel of education.We study the productive and welfare utility problem of human capital and education. By using stochastic analysis methodsand Poisson process, we analyze the relationship between the model parameters,welfare and increase rate under equilibrium level. More-over we discuss the individuals'welfare,some helpful results are obtained.
