Macroeconomic Growth Models EOLSS（宏观经济增长模式EOLSS）.pdf

SYSTEMS ANALYSIS AND MODELING OF INTEGRATED WORLD SYSTEMS - Vol. II - Macroeconomic Growth Models - Sergey V. Dubovsky MACROECONOMIC GROWTH MODELS Sergey V. Dubovsky Head of laboratory, Institute of system analysis, RAS, Moscow, Russia Keywords: Economic growth, equilibrium, stability, optimality, pathway, cycles, production function, capital, labor, technological level, investments, modeling. Contents 1. Introduction 2. Main equations 2.1. Production Functions 2.1.1. Account of Capital and Labor 2.1.2. Account of Scientific and Technical Progress 2.1.3. Account of Natural Resources S S 2.1.4. Account of the Human Capital S R 2.1.5. Account of Solvent Demand 2.2. Capital L E 2.3. Technological Level 2.4. Investment Demand O T 3. Models of growth E P 3.1. Closed Economy 3.2. Formulation of the Optimzation Problem A – 3.3. Open Economy 4. Models of cycles H 4.1. Business - Cycle O C 4.2. Kondratiev Cycles 5. Conclusion C Glossary S E Bibliography L Biographical Sketch E P Summary N M U Here the results of modeling of the economic growth are presented using the approaches A suggested by Cobb, Douglas and Ramsey to modern studies. The axiomatics and ways of inclusion in the production function of industrial and other factors - capital and labor, S technological level, natural resources and their price, human capital, solvent demand are described. The equations of dynamic of the physical capital, technological level, investment demand, human capital are presented. The tasks for closed and open of the economy are considered. Decisions in respect of macromodels a