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The Dynamic Relation Of Economy Growth And Income Distribution

Posted on:2007-06-07Degree:MasterType:Thesis
Country:ChinaCandidate:J FengFull Text:PDF
GTID:2179360185457800Subject:Quantitative Economics
Abstract/Summary:PDF Full Text Request
Recently, income inequality, with the rapid growth in economic, is enlarged gradually. Not only the quality of economic growth of China, but also the stability of society is affected by this process, which is sustainable enlarged income inequality. Therefore, it is meaningful that how to analyze and predict the effect that nation macro policy control the level of people's income, especially to prompt the sustained economic growth in China. Due to the tradition theory, such as equilibrium theory, which is good in the periodic economic surrounding, economist often descript the condition by that, the condition that economic system is adjusted completely. They concerned on the systematical behavior rational more than process rational. Actually, traditional economic body is a typical complicated system, which is difficult to analyze by traditional method, however, agent-based model is the most efficient method due to its special simulative ability on complicated condition.This paper presents an agent-based economic transition model to analyze the dynamic relation of economy growth and income inequality in the economic transition. In this model, Micro-agents is of limited rational, like the one in reality. Agents can be divided into five types: worker, national consume enterprise, national capital enterprise, private consume enterprise, government. In the economic transition, the amount of private consume enterprises is changing, for an enterprise can build up and disappear anyway. The fate of private consume enterprise is determined by the rule that the survival is the best, and the worst will be lost. The amount is determined endogenously by the economic system. Supposed that there are only two commodities: consume goods and capital goods, and workers purchase the former to keep their life, while consume enterprises buy the later to produce. Consume goods produce need two factor: labor and capital goods, and capital goods produce need solo factor: labor. Workers and enterprises...
Keywords/Search Tags:Distribution
PDF Full Text Request
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