GENERALIZED MODEL OF ECONOMIC GROWTH WITH HUMAN CAPITAL ACCUMULATION. I |
| 1 | |
| 2010 |
| scientific article | 517.97+519.86 | ||
| 171-178 | economic growth, physical capital, human capital, optimal economic development |
| A brief survey is given of the research of mathematical models of economic growth theory which take into consideration
the processes of physical and human capital accumulation. A general mathematical model of economic
growth is built which generalizes similar models including Lucas's classical one. For this model two traditional optimization
problem statements (problems of a social planner and a competitive equilibrium) have been described. A
general problem embracing main problem statements on optimal economic development has been formulated. |
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