1.研讨論文
A Dynamic Model of Capital and Arms Accumulation
2.主講人
楊欣（中經管2021級博士生）
3.點評老師
王忏、明洋
4.論文簡介
How does competitive arms accumulation affect investment and capital accumulation? In a dynamic optimization framework including both investment and military spending, we find that, when the utility function is separable between consumption and the weapon stocks, an unanticipated rise in current military threat reduces current investment and an anticipated rise in future military threat stimulates current investment. But when the utility function is nonseparable between consumption and the weapon stocks, a current military threat may not decrease the short-run investment. In the long run, capital accumulation is independent of the military conflicts among countries regardless of the form of the utility function.
5.時間
5月20日（星期六）
18:30-21:30
6.地點
學術會堂712
7.活動對象
韦德体育bevictor、金融學院學生
8.主辦單位
韦德体育bevictor、金融學院聯合主辦
