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Title of Article

ECONOMIC GROWTH MODEL WITH CONSIDERATION FOR HUMAN CAPITAL ACCUMULATION THROUGH LEARNING-BY-DOING. I


Issue
2
Date
2013

Section
MATHEMATICAL MODELING. ОPTIMAL CONTROL

Article type
scientific article
UDC
517.977.5+519.86+330.35:330.42
Pages
142-151
Keywords
economic growth, physical capital, human capital, human capital formation mechanisms, human capital formation through learning-by-doing, optimal development of an economy


Authors
Kuznetsov Yuriy Alekseevich
Nizhegorodskiy gosuniversitet im. N.I. Lobachevskogo

Grebenkina Tatyana Sergeevna
Nizhegorodskiy gosuniversitet im. N.I. Lobachevskogo


Abstract
A brief description is given of the concept of human capital and the mathematical models of the theory of economic growth, taking into account human capital accumulation through learning-by-doing. A generalized mathematical model of economic growth constructed on the basis of a number of similar models, including K. Arrow’s classical model, is put forward. For this generalized model, traditional problem settings (the social planner and competitive equilibrium) are described. A general optimal problem covering the main traditional problem settings is formulated.

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