This article is cited in 5 papers

Control in the socio-economic systems

Elaborating of long-run lag regressional models of Cobb–Douglas type

N. P. Goridko^a, R. M. Nizhegorodtsev<sup>b

a</sup> " Сlever Point", Moscow
^b Institute of Control Sciences, Russian Academy of Sciences, Moscow

Abstract: The paper is devoted to elaborating and regressional analysis of power and power-exponential productive functions describing long-run economic growth in the contemporary macrosystem of Ukraine. Capital, labour and information are considered as the main factors of production that permits to obtain some estimations of the contribution of information factor to economic growth. The special attention is paid to lag models evaluating the lag impact for involving factors of production. There were drawn some conclusions on the character and sources of economic growth in contemporary Ukrainian economy.

Keywords: productive function, three-factored regressional models, economic growth, lag models.

UDC: 330.356+330.43