GENERALIZED MODEL OF ECONOMIC GROWTH WITH HUMAN CAPITAL ACCUMULATION. III |
| 3 | |
| 2010 |
| scientific article | 517.97+519.86 | ||
| 177-190 | economic growth, human capital, balanced growth paths, indeterminacy, numerical-analytical methods |
| The generalized model of economic growth taking account of physical and human capital accumulation is investigated
using numerical-analytical methods. The model generalizes the well-known Lucas model. Qualitative features
of balanced growth paths have been studied for the typical parameter values of real economic systems. The model
has been found to have an indeterminacy effect at fairly realistic parameter values. |
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