Abstract
This paper constructs a dynamic economy growth model with the elements of resource consumption, technology progress and endogenous human capital to discuss the optimal economy growth path applying the optimized control methods. Through sensitive analysis the research demonstrates that consumer’s intertemporal substitute elasticity, human capital accumulation efficiency, and time discount rate determine the optimal economy growth path. Consumer’s intertemporal substitute elasticity, time discount rate, and factor output elasticity of product have effects on stable economy growth rate and resource consumption velocity.
This paper is partial research result of social science fund of Xuzhou Normal University: the environmental regulation and green innovations of enterprises (09XWA14) and national social science fund: research on environmental policy of long-term mechanism of perfecting energy saving and pollutants abatement (10CJY028).
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He, Zx. (2011). Sensitive Analysis of Sustainable Economy Growth Based on Resources Consumption, Technology Progress and Human Capital. In: Wu, D., Zhou, Y. (eds) Modeling Risk Management for Resources and Environment in China. Computational Risk Management. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-18387-4_6
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DOI: https://doi.org/10.1007/978-3-642-18387-4_6
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