Stochastic Learning-by-doing Economic Growth Model
随机Learning-by-doing经济增长模型

We investigate a stochastic economic growth model with learning-by-doing production function. By using stochastic optimal methods, we obtain expected growth rate, risk-free rate and propensity to consume at the steady state. Finally, we analyze elaborately the impact of taxation and technology parameter and technology volatility on growth rate, risk-free and consume-wealth ratio.