Intellectual capital in economic growth models

Igor Lyashenko, Yuriy Tadeev

Abstract


The new conception for constructing economic growth models is proposed in the article. Three main factors are taking into account: physical capital, labor, and intellectual capital (knowledge). In this case, intellectual capital is represented in three dimensions: technological intellectual capital, human intellectual capital, and relational intellectual capital. In each dimension intellectual capital is considered as specific endogenous technological progress, which is described by the differential equation.


Keywords


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