RUS  ENG
Full version
JOURNALS // Sibirskii Zhurnal Industrial'noi Matematiki // Archive

Sib. Zh. Ind. Mat., 2014 Volume 17, Number 3, Pages 78–85 (Mi sjim848)

Optimal investment in economic growth with nonlinear amortization function

Sh. A. Iskenderov

Institute of Cybernetics of NAS of Azerbaijan, 9 B. Vahavzade st., AZ-1141 Baku, Azerbaijan

Abstract: We consider the neoclassical model of economic growth and find conditions for the attainability and optimal management of investments for this model. Here the production and amortization functions depend nonlinearly on the capital and labor. We prove theorems on the existence and uniqueness of an optimal investment in the economy and the attainability of a given economic level.

Keywords: economic growth, stability, attainability, nonlinearity, optimal control, nonlinear dependence of the amortization on capital and labor.

UDC: 330.35.01

Received: 26.03.2014


 English version:
Journal of Applied and Industrial Mathematics, 2014, 8:4, 534–540

Bibliographic databases:


© Steklov Math. Inst. of RAS, 2024