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An Economic Growth Model with Optimal Growth Rate and Individual Years of Schooling
Joint Authors
Cai, Donghan
Yang, Huan
Chen, Zhongbin
Source
Discrete Dynamics in Nature and Society
Issue
Vol. 2015, Issue 2015 (31 Dec. 2015), pp.1-6, 6 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2015-10-12
Country of Publication
Egypt
No. of Pages
6
Main Subjects
Abstract EN
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.
American Psychological Association (APA)
Yang, Huan& Cai, Donghan& Chen, Zhongbin. 2015. An Economic Growth Model with Optimal Growth Rate and Individual Years of Schooling. Discrete Dynamics in Nature and Society،Vol. 2015, no. 2015, pp.1-6.
https://search.emarefa.net/detail/BIM-1060818
Modern Language Association (MLA)
Yang, Huan…[et al.]. An Economic Growth Model with Optimal Growth Rate and Individual Years of Schooling. Discrete Dynamics in Nature and Society No. 2015 (2015), pp.1-6.
https://search.emarefa.net/detail/BIM-1060818
American Medical Association (AMA)
Yang, Huan& Cai, Donghan& Chen, Zhongbin. An Economic Growth Model with Optimal Growth Rate and Individual Years of Schooling. Discrete Dynamics in Nature and Society. 2015. Vol. 2015, no. 2015, pp.1-6.
https://search.emarefa.net/detail/BIM-1060818
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1060818