Abstract
When considering that health, education and sudden disaster are transformed into endogenous factors at a specific period, what is the law of endogenous economic growth? This paper studies this law from three aspects which are production, household and government, takes health and education as endogenous factors into production and consumption, and runs sudden disasters through the whole paper. This study divides human capital into healthy human capital and educational human capital in order to explore the relationship between them, then, this paper obtains the health risk effect and capital contribution constraint effect. After constructing the Hamilton function and maximizing the utility function, the economic growth rate is obtained. The empirical analysis is carried out according to the 2020 China Statistical Yearbook, and the positive growth and negative reduction effects are obtained. After analyzing the types of government expenditure, the government financial distribution regulation is obtained.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.