Exact solution of Cauchy problem for Harrod Domar differential equation model with variable coefficient of incremental capital-output ratio
Author(s) -
Alla Yu. Meyerson,
A. P. Chernyaev
Publication year - 2013
Publication title -
izvestiya mgtu mami
Language(s) - English
Resource type - Journals
eISSN - 2949-1428
pISSN - 2074-0530
DOI - 10.17816/2074-0530-68035
Subject(s) - variable (mathematics) , mathematics , constant (computer programming) , constant coefficients , function (biology) , economics , mathematical analysis , computer science , evolutionary biology , biology , programming language
Exact solution was obtained for the Cauchy problem for differential equation model of Harrod Domar macroeconomic dynamics with variable coefficient of incremental capital-output ratio which is a function of time. Previously there was known a solution for this problem only with constant coefficients of capital-output ratio of revenue growth.
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