The dynamic model of optimal economic growth in terms of ecological balance: models construction and results analysis

Olena Vinnychuk, Vasyl Grygorkiv, Ruslan Biloskurskii

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.

Keywords


economic growth; sustainable development; ecological balance; optimal control

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DOI: http://dx.doi.org/10.13165/VSE-15-5-1-04

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"Business Systems & Economics" ISSN online 2029-8234