TY - JOUR TI -

Оп the Optimal Growth Theory

T2 - HSE Economic Journal IS - HSE Economic Journal KW - growth factor KW - economic growth theory KW - production function KW - the Cobb-Douglas production function AB - Numerous studies of the conditions of long-term economic growth contain a mathematical problem of optimal control over an unlimited period of time. This article identifies some of the common mistakes in principle. For the Cobb-Douglas production function, a complete solution of the optimal economic growth problem in a closed single-sector economy is given. AU - Sergey Lobanov UR - https://ej.hse.ru/en/1999-3-1/26547640.html PY - 1999 SP - 28-41 VL - 3