There have important significance for the measure of intertemporal consumption elasticity of substitution in theory and practical. Up to now, there have no scientific and convincing methods for measuring it. Based on ...There have important significance for the measure of intertemporal consumption elasticity of substitution in theory and practical. Up to now, there have no scientific and convincing methods for measuring it. Based on collecting and estimating plenty of data, the article puts forward two statistical models for estimate the parameter and measure the intertemporal elasticity of substitution.展开更多
Based on the Ramsey-Cass-Koopmans’model,the author constructs an analogue model of the growth rate of consumption by analyzing the decisive factors of consumption intertemporal elasticity substitute.By measure the pa...Based on the Ramsey-Cass-Koopmans’model,the author constructs an analogue model of the growth rate of consumption by analyzing the decisive factors of consumption intertemporal elasticity substitute.By measure the parameters,the author also analogue and forecast the optimal consumption growth rate from 1992 to 2003 in China.展开更多
文摘There have important significance for the measure of intertemporal consumption elasticity of substitution in theory and practical. Up to now, there have no scientific and convincing methods for measuring it. Based on collecting and estimating plenty of data, the article puts forward two statistical models for estimate the parameter and measure the intertemporal elasticity of substitution.
文摘Based on the Ramsey-Cass-Koopmans’model,the author constructs an analogue model of the growth rate of consumption by analyzing the decisive factors of consumption intertemporal elasticity substitute.By measure the parameters,the author also analogue and forecast the optimal consumption growth rate from 1992 to 2003 in China.
