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Authors

Kuznecov YU. A.

Degree
Doctor of Mathematics, Professor, Head of the Chair of Mathematical Modelling of Economic Systems, Lobachevsky State University of Nizhny Novgorod
E-mail
Yu-Kuzn@mm.unn.ru
Location
Nizhny Novgorod
Articles

Numerical and analytical analysis of the Lucas’ model of economic growth

Analytical and numerical investigations of the Lucas’ model of economic growth are presented. The proof of the balanced growth path existence and the study of its uniqueness as well as principles of modeling of ordinary differential equations systems are discussed. The numerical investigation of the Lucas’ model is realized for the set of parameters which are characteristic for developed countries economies. The possibility of the indeterminacy existence is also considered.
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