UNISECTORAL MODEL OF ECONOMIC GROWTH WITH INTELLECTUAL CAPITAL INCLUDED
Keywords:
Model of economic growth, investment in physical capital, investment in intellectual capital, backbone path, transitional dynamics.Abstract
The paper proposed and investigated a new model of optimal growth, which takes into account investments in physical capital and human capital with its additive part, which is the intellectual capital. The existence of the backbone path is proved, and transitional dynamics is studied.
References
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