A Model of Economic Output Valuation for Carbon Emission Enterprises Based on Markov Chain in the Context of Economic Growth

Abstract

The extended Cobb-Douglas production function is used based on the transition probabilities matrix with reflecting wall and absorbable wall determined by the non-homogeneous Markov chain. According to the current number ratio of various types of enterprises under different carbon emission conditions, the number ratio of various enterprises after the multi-stage carbon unlocking evolution transfer process is determined. And finally the economic output of different types of enterprises under different carbon emission conditions and the corresponding valuation model are determined.