THE DYNAMIC MODEL OF OPTIMAL ECONOMIC GROWTH IN TERMS OF ECOLOGICAL BALANCE:MODELS CONSTRUCTION AND RESULTS ANALYSIS
THE DYNAMIC MODEL OF OPTIMAL ECONOMIC GROWTH IN TERMS OF ECOLOGICAL BALANCE:MODELS CONSTRUCTION AND RESULTS ANALYSIS
Author(s): Vasyl Grygorkiv, Olena Vinnychuk, Ruslan BiloskurskiySubject(s): Economy
Published by: Mykolas Romeris University
Keywords: economic growth; sustainable development; ecological balance; optimal control
Summary/Abstract: The article is dedicated to the problem of modeling dynamic ecological-economic models in the case of ecological-economic balance. The nonlinear variant of the model of economic growth considering the ecological balance is proposed and investigated. The mathematical theory of optimal control has been selected for the research of economic growth model.
Journal: Business Systems & Economics
- Issue Year: 2015
- Issue No: 1
- Page Range: 36-45
- Page Count: 10