Optimal Capital Accumulation on the Lines of Economic Growth
Abstract
The article is devoted to the problem of optimal capital endowment in a developing economy. Models of «golden rule of accumulation» and return maximization are combined. The golden rule for accumulation is modified for the case of an employer income. The interrelation between resources prices and average depreciation rate under optimal capital endowment is revealed.
Keywords:
Theory of Economic Growth
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References
Литература на русском языке
Борисов К.Ю. О некоторых модификациях модели Дайамонда и проблемах распределения национального дохода//Экономические исследования: теория и приложения. СПб., 2000.
Интрилигатор M. Математические методы оптимизации и экономическая теория. М., 1975.
Плакунов М.К., Раяцкас Р.Л. Производственные функции в экономическом анализе. Вильнюс, 1984.
References in Latin Alphabet
Phelps E.S. Golden Rules of Economic Growth. New York, 1966.
Translation of references in Russian into English
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Published
2005-09-30
How to Cite
Плакунов, М. К., & Шалабин, Г. В. (2005). Optimal Capital Accumulation on the Lines of Economic Growth. St Petersburg University Journal of Economic Studies, (3), 139–143. Retrieved from https://economicsjournal.spbu.ru/article/view/4523
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Section
Mathematical models in economics
License
Articles of the St Petersburg University Journal of Economic Studies are open access distributed under the terms of the License Agreement with Saint Petersburg State University, which permits to the authors unrestricted distribution and self-archiving free of charge.
