THE DYNAMIC MODEL OF OPTIMAL ECONOMIC GROWTH IN TERMS OF ECOLOGICAL BALANCE:MODELS CONSTRUCTION AND RESULTS ANALYSIS Cover Image

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 Biloskurskiy
Subject(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.

  • Issue Year: 2015
  • Issue No: 1
  • Page Range: 36-45
  • Page Count: 10
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