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- W3144519005 abstract "Paper introduces mathematical models describing long-time effects of real savings on economic growth. Models are built for single-product and multiple-product economy with market forces presented through the system of ordinary differential equations. Modeling results show a limited long-run economic growth for occasional and constant-rate systematic internal savings, a steady long-run economic growth if acceleration rate of internal savings lies within the proper limit for every industry, and a steady long-run economic decline if acceleration rate of internal savings exceeds the suitable limit for certain industry. Modeling outcome also suggests that a long-run economic growth requires direct investment of internal savings into appropriate investment vehicles with exclusion from savings-investment chain the interest-rate-bearing bank accounts with clear danger of suffering a long-run economic decline in case of violation of the requirement." @default.
- W3144519005 created "2021-04-13" @default.
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- W3144519005 date "2006-10-15" @default.
- W3144519005 modified "2023-09-27" @default.
- W3144519005 title "Mathematical Dynamics of Economic Growth as Effect of Internal Savings" @default.
- W3144519005 hasPublicationYear "2006" @default.
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