DYNAMICS AND OPTIMAL CONTROL INVESTMENTS IN THE ECONOMIC GROWTH MODEL WITH CONDITION OF ECOLOGICAL BALANCE
DYNAMICS AND OPTIMAL CONTROL INVESTMENTS IN THE ECONOMIC GROWTH MODEL WITH CONDITION OF ECOLOGICAL BALANCE
Author(s): Vasyl Grygorkiv, Olena VinnychukSubject(s): Economy
Published by: Mykolas Romeris University
Keywords: economic growth; economic growth model; sustainable development; ecological balance; optimal control
Summary/Abstract: Economic growth is seen as an integral part and one of the most important characteristics of economic development. The problems of considering the ecological balance in the economic growth model and allocating of the total investment in primary and secondary production are analyzed. On its basis, it is possible to analyze and forecast the optimal programs of economic development using policy instruments such as investment and consumption in the context of sustainable development in the eco-economic system.
Journal: Intelektinė ekonomika
- Issue Year: 8/2014
- Issue No: 2
- Page Range: 23-33
- Page Count: 11
- Language: English