ECONOMIC GROWTH MODEL WITH CONSIDERATION FOR HUMAN CAPITAL ACCUMULATION THROUGH LEARNING-BY-DOING. II |
| 2 | |
| 2014 |
| scientific article | 517.977.5+519.86+330.35:330.42 | ||
| 180-189 | economic growth, physical capital, human capital, human capital formation mechanisms, human capital formation through learning-by-doing, optimal development of an economy |
| We consider a limiting version of the general mathematical model of economic growth formulated in the first part of the work, which generalizes a number of economic growth models taking into account human capital accumulation through learning-by-doing including K. Arrow’s classical model. 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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