Abstract
An optimal public investment model with two objective functions considering efficiency & equity and several constraints such as taxes and capital transfer loss are established by dividing public & private sectors and relaxing several original hypotheses respectively. And the objective functions and constraints are handled to adapt the model into the double-objective multi-constraint programming model suitable for genetic algorithm-based solution. Then encoding and decoding approaches are designed. Finally a case study is carried out to validate the proposed model and the GA-based solution.
This paper is supported by the Specialized Research Fund for the Doctoral Program of Higher Education of China (Grant No. 20050006025).
This is a preview of subscription content, log in via an institution to check access.
Preview
Unable to display preview. Download preview PDF.
Similar content being viewed by others
References
Gaube, T.: Public Investment and Income Taxation: Redistribution vs. Productive Performance. Journal of Economics 86, 1–18 (2005)
Basu, P., Bandyopadhyay, D.: What Drives the Cross-country Growth and Inequality Correlation. Canadian Journal of Economics 38(4), 1272–1297 (2005)
Brecher, R.A., Chen, Z.Q., Choudhri, E.U.: Dynamic Stability in a Two-country Model of Optimal Growth and International Trade. Journal of Economic Dynamics & Control 29, 583–594 (2005)
Van, C.L., Vailakis, Y.: Recursive utility and optimal growth with bounded or unbounded returns. Journal of Economic Theory 123, 187–209 (2005)
Jouini, E., Napp, C.: Convergence of Utility Functions and Convergence of Optimal Strategies. Finance and Stochastics (8), 133–144 (2004)
Aurell, E., Muratore-Ginanneschi, P.: Growth-Optimal Strategies with Quadratic Friction over Finite-Time Investment Horizons. International Journal of Theoretical and Applied Finance 7(5), 645–657 (2004)
Saglam, H.C.: Optimal Growth Models and the Lagrange Multiplier. Journal of Mathematical Economics 40, 393–410 (2004)
Gómez, M.A.: Optimal Fiscal Policy in the Uzawa-Lucas Model with Externalities. Economic Theory (22), 917–925 (2003)
Wu, J.H.: Optimal Regional Growth and Public Investment Models: Theory and Application to the Efficiency-Equity Issue in Taiwan. PQDD doctoral dissertation, Dissertation Abstracts International, Section A, vol. 48(04), p. 1035 (1987)
Ramsey, F.: A mathematical theory of saving. Economic Journal 38, 543–559 (1928)
Romer, D.: Advanced Macroeconomics, 2nd edn. McGraw-Hill Co., Inc., New York (2000)
Gen, M., Cheng, R.W.: Genetic Algorithms and Engineering Optimization. John Wiley & Sons, Inc., Chichester (2000)
Pan, Y., Yu, Z.W., Liu, K.J., Dou, W.: A New Multi-Objective Programming Model of QoS-based Multicast Routing Problem. Computer Engineering and Application (19), C155–C157 (2003)
Guo, H.Y., Zhang, L., Jiang, J.: Two-Stage Structural Damage Detection Method with Genetic Algorithms. Journal of Xi’an Jiaotong University 39(5), 485–489 (2005)
Author information
Authors and Affiliations
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2006 Springer-Verlag Berlin Heidelberg
About this paper
Cite this paper
Lei, T., Lieli, L., Liyan, H., Hai, H. (2006). A Genetic Algorithm-Based Double-Objective Multi-constraint Optimal Cross-Region Cross-Sector Public Investment Model. In: Jiao, L., Wang, L., Gao, X., Liu, J., Wu, F. (eds) Advances in Natural Computation. ICNC 2006. Lecture Notes in Computer Science, vol 4222. Springer, Berlin, Heidelberg. https://doi.org/10.1007/11881223_58
Download citation
DOI: https://doi.org/10.1007/11881223_58
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-45907-1
Online ISBN: 978-3-540-45909-5
eBook Packages: Computer ScienceComputer Science (R0)