Dynamics and optimal control investments in the economic growth model with condition of ecological balance

Vasyl Grygorkiv, Olena Vinnychuk

Abstract


Economic growth is seen as an integral part and one of the most important characteristics of economic development. The problems of considering the ecological balance in the economic growth model and allocating of the total investment in primary and secondary production are analyzed. On its basis, it is possible to analyze and forecast the optimal programs of economic development using policy instruments such as investment and consumption in the context of sustainable development in the eco-economic system.

Keywords


economic growth; economic growth model; sustainable development; ecological balance; optimal control

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DOI: http://dx.doi.org/10.13165/IE-14-8-2-02

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"Intellectual Economics" ISSN online 1822-8038 / ISSN print 1822-8011