The Dynamics of the Uzawa-Lucas Model with Unskilled Labor

被引:0
作者
Ma Suyan Cai Donghan School of Mathematics and Statistics Wuhan University Wuhan Hubei China [430072 ]
机构
关键词
U-L model; dynamical system; optimal solution; human capital; unskilled workers;
D O I
暂无
中图分类号
O29 [应用数学];
学科分类号
070104 ;
摘要
The existence and uniqueness of the modified Uzawa Lucas growth model which incorporates unskilled labor as a distinct factor from human capital are given and the dynamics of the model is presented. Furthermore, the varieties of the time allocation to the physical and human capital production along the optimal path and the affections of fertility and the natural growth rate of human capital on economic growth are discussed.
引用
收藏
页码:278 / 282
页数:5
相关论文
共 6 条
[1]  
Lucas,R.E.On the Mechanics of Economic Development. Journal of Monetary Economics . 1988
[2]  
Barro,R J,Sala-I-Martin,X. Economic Growth . 1995
[3]  
Kamien,M I,Schwartz,N L. Dynamic Optimization, the Calculus of Variations and Optimal Control in Economics and management . 1991
[4]  
Romer,D. Advanced Macroeconomics . 1996
[5]  
Robertson P E.Demographic Shocks and Human Capital Accumulation in the Uzawa-Lucas Model. Economics Letters . 2002
[6]  
Cai D.The Dynamics of Fertility in C-K Model with Endogenous Fertility. Acta Mathematica . 2002