DYNAMICS AND OPTIMAL CONTROL INVESTMENTS IN THE ECONOMIC GROWTH MODEL WITH CONDITION OF ECOLOGICAL BALANCE Cover Image

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 Vinnychuk
Subject(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.

  • Issue Year: 8/2014
  • Issue No: 2
  • Page Range: 23-33
  • Page Count: 11
  • Language: English
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