APPLICATIONS OF HAMILTONIAN AND LAPLACE TRANSFORM IN AN ECONOMIC MODEL
APPLICATIONS OF HAMILTONIAN AND LAPLACE TRANSFORM IN AN ECONOMIC MODEL作者机构:Guanghua School of Management Peking University Beijing 100871 China Institute of Advanced Economic Studies Wuhan University Wuhan 430072 China
出 版 物:《Acta Mathematica Scientia》 (数学物理学报(B辑英文版))
年 卷 期:2000年第20卷第4期
页 面:442-450页
核心收录:
学科分类:07[理学] 070104[理学-应用数学] 0805[工学-材料科学与工程(可授工学、理学学位)] 0704[理学-天文学] 0701[理学-数学]
主 题:Hamilton system Laplace transform foreign aid capital accumulation
摘 要:This paper analyzes the long-run effects and short-run effects of foreign aid on the domestic economy by using the Hamilton system and Laplace transform. It is found that an increase in the foreign aid has no long-run effect on the foreigll borrowing, domestic capital accumulation and the foreign direct investment in the home country, but increases the steady-state consumption level the same amount. However, the short-run analysis presents that increasing foreign aid does not affect the initial consumptioll level and the initial consumption increase rate; but it affects the initial savings positively.