Constant Consumption as Interest on Capital
在索洛恒定消费模型中探讨总资本价值概念,论证消费可视为财富的利息,即资本存量加权现值与自身利率的向量积,并指出消费是最大可持续净产出。
The author considers the concepts of aggregate capital value arising in R. M. Solow's constant consumption model. For a traditional concept, he establishes consumption as interest on wealth in the sense of the interest flow being the vector product of weighted current values of capital stocks and own interest rates. Consumption can be viewed as maximum sustainable net product. Copyright 1996 by The editors of the Scandinavian Journal of Economics.