Analysis of the model of resources productivity optimization

Tarasyev AM & Usova AA (2013). Analysis of the model of resources productivity optimization. In: Regional Trajectories of Social-Economic Development. Eds. Tatarkin, AI & Minakir, PA, Ural Branch of Russian Academy of Sciences: Institute of Economics.

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Abstract

In the paper, the model optimization model is analyzed for the resource productivity index in the framework of the theory of economic growth. The control parameter of the model is presented by the investment share of GDP directed to technology innovation for raising the resource productivity. The optimal control problem for the resource consumption is formalized on the basis of the Pontryagin maximum principle. Various plausible investment levels are examined in the context of the model sensitivity analysis, especially, with respect to coordinates of steady states of the Hamiltonian system. The implemented analysis provides an algorithm for construction of the stair-stepwise suboptimal approximation control satisfying phase constrains of the natural resources limitation.

Item Type: Book Section
Research Programs: Advanced Systems Analysis (ASA)
Bibliographic Reference: In: AI Tatarkin, PA Minakir (Eds); Regional Trajectories of Social-Economic Development; Institute of Economics, Ural Branch of Russian Academy of Sciences, Ekaterinburg pp.150-157
Depositing User: IIASA Import
Date Deposited: 15 Jan 2016 08:49
Last Modified: 17 Feb 2016 12:34
URI: http://pure.iiasa.ac.at/10563

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