Mathematical model of economic growth based on the accumulation of human capital with discrete time

Yu. A. Kuznetsov, E. V. Kruglov, D. A. Burlakova

N. I. Lobachevski State University of Nizhni Novgorod

Abstract: The mathematical model of economic growth taking in account the process of the human capital accumulation and with discrete time is considered. This mathematical model is reduced to the study of three-dimensional dynamical system with discrete time. The conditions of existence of a unique balanced growth path are determined.

Keywords: model of economic growth based on human capital, three-dimensional dynamical systems with discrete-time, balanced growth path.

UDC: 517.9+519.8

Received: 17.07.2015

Bibliographic databases:

•