Intellectual capital in economic growth models

Authors

  • Igor Lyashenko Taras Shevchenko National University of Kyiv
  • Yuriy Tadeev Taras Shevchenko National University of Kyiv

Keywords:

модель оптимального економічного зростання, інтелектуальний капітал, ендогенний технологічний прогрес, нейтральний ендогенний прогрес

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.

Author Biographies

  • Igor Lyashenko, Taras Shevchenko National University of Kyiv

    Igor Lyashenko

    Dr.phys.-math.sci., prof.,
    Taras Shevchenko National University of Kyiv,

    professor 

  • Yuriy Tadeev, Taras Shevchenko National University of Kyiv

    Yuriy Tadeev

    Cand.econ.sci., as.prof.,
    Taras Shevchenko National University of Kyiv,
    doctorate

References

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Drucker P.F. (1993), The Post-Capitalist Society. New York: HarperCollins.

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Inada, K.I. (1963), “On a Two-Sector Model of Economic Growth: Comments and a Generalization.” Review of Economic Studies, 30, June, 119–127.

Fitz-enz J. (2009), The ROI of Human Capital: Measuring the Economic Value of Employee Performance. New York: AMACOM.

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Published

2014-07-04

Issue

No. 1-3(85-87) (2014)

Section

Models and methods of economic dynamics, stability and equilibrium

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