Optimization of Relations Between Consumption and Investments (in the Solow’s Model)

  • Владимир Власьевич Дудчак
  • Юрий Петрович Скапцов
  • Александр Аркадьевич Маликов
Keywords: consumption, investment, functional well-being, optimization

Abstract

The problem of regulating the economy by choosing the optimal ratio s = s (t) between consumption and investment is considered. Best consumption defines welfare function. The article describes an approach to optimize investments in the case of piecewise constant (relay) function s (t).

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Published
2015-04-10
How to Cite
Дудчак, В. В., Скапцов, Ю. П., & Маликов, А. А. (2015). Optimization of Relations Between Consumption and Investments (in the Solow’s Model). Modern Economics: Problems and Solutions, 10, 184-191. Retrieved from https://journals.vsu.ru/meps/article/view/5212
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Статьи