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Aggregate Models of Economic Dynamics

  • Natali Hritonenko
  • Yuri Yatsenko
Part of the Applied Optimization book series (APOP, volume 34)

Abstract

The construction of aggregate economic-mathematical models is based on the notion of production function. The production functions are thoroughly considered in the first section. The rest of the chapter is devoted to analysis of the well-known Solow model of economic dynamics and its modifications.

Keywords

Production Function Stationary Trajectory Economic Dynamics Aggregate Model Output Elasticity 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer Science+Business Media Dordrecht 1999

Authors and Affiliations

  • Natali Hritonenko
    • 1
  • Yuri Yatsenko
    • 2
  1. 1.Department of Mathematical SciencesUniversity of AlbertaEdmontonCanada
  2. 2.Cybernetics ConsultingEdmontonCanada

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