Description and Investigation of Investment Processes in Models of Economic Dynamics

Chukanov, S.V. & Khodjamirian, E.Y. (1986). Description and Investigation of Investment Processes in Models of Economic Dynamics. IIASA Collaborative Paper. IIASA, Laxenburg, Austria: CP-86-004

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Abstract

Many of today's most significant socioeconomic problems, such as slower economic growth, the decline of some established industries, and shifts in patterns of foreign trade, are interor transnational in nature in a variety of ways. Through analyses we attempt to identify the underlying processes of economic structural change and formulate useful hypotheses concerning future development, as some scholars argue that foreseen changes can not be precipitous. The understanding of these processes and future prospects provided the focus for the IIASA project on Comparative Analysis of Economic Structure and Growth.

This paper was mainly written during the stay of E.Yu. Khodjamirian at IIASA in the YSSP 1985. The authors present a model of the investment process and the results of its simulation under different assumptions on parameters, which characterize real problems of resource allocation over time and across industries in the construction sector.

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