r.m. solow adjusted model of economic growth

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ID: 223726
2007
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Ranked #92 of 93 articles by views in 2019 ieee 6th international conference on industrial engineering and applications, iciea 2019

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Abstract
Besides the models of M. Keynes, R.F. Harrod, E. Domar, D. Romer, Ramsey-Cass-Koopmans etc., the R.M. Solow model is part of the category which characterizes the economic growth. The paper proposes the study of the R.M. Solow adjusted model of economic growth, while the adjustment consisting in the model adaptation to the Romanian economic characteristics. The article is the first one from a three paper series dedicated to the macroeconomic modelling theme, using the R.M. Solow model, such as: “Measurement of the economic growth and extensions of the R.M. Solow adjusted model” and “Evolution scenarios at the Romanian economy level using the R.M. Solow adjusted model”. The analysis part of the model is based on the study of the equilibrium to the continuous case with some interpretations of the discreet one, by using the state diagram. The optimization problem at the economic level is also used; it is built up of a specified number of representative consumers and firms in order to reveal the interaction between these elements.
Reference Key
rosca2007theoreticalr.m. Use this key to autocite in the manuscript while using SciMatic Manuscript Manager or Thesis Manager
Authors ;Ion Gh. Rosca;Stelian Stancu
Journal 2019 ieee 6th international conference on industrial engineering and applications, iciea 2019
Year 2007
DOI
DOI not found
URL
http://store.ectap.ro/articole/213.pdf
Keywords
demographyeconomics as a science evolution scenariosbusinesseconomic theory

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