Capital Growth Paths of the Neoclassical Growth Model

被引：1
|
作者：
Takahashi, Taro [1 ]
机构：
[1] Univ Tokyo, Grad Sch Agr & Life Sci, Bunkyo Ku, Tokyo, Japan
来源：
PLOS ONE | 2012年 / 7卷 / 11期
关键词：
AID EFFECTIVENESS; ECONOMIC-GROWTH; FOREIGN-AID; SOLOW MODEL; EMPIRICS; EXTERNALITIES; CONVERGENCE; TECHNOLOGY; DYNAMICS; POLICIES;
D O I：
10.1371/journal.pone.0049484
中图分类号：
O [数理科学和化学]; P [天文学、地球科学]; Q [生物科学]; N [自然科学总论];
学科分类号：
07 ; 0710 ; 09 ;
摘要：
This paper derives the first-order approximated paths of both types of capital in the two-capital neoclassical growth model. The derived capital growth paths reveal that the short-run growth effect of capital injection differs considerably depending on which type of capital is enhanced. This result demonstrates the importance of well-targeted capital enhancement programs such as public sector projects and foreign aid.
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页数：5
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