Exact solution of Cauchy problem for Harrod Domar differential equation model with variable coefficient of incremental capital-output ratio
A. Y Meyerson , A. P Chernyaev
Izvestiya MGTU MAMI ›› 2013, Vol. 7 ›› Issue (3-1) : 111 -113.
Exact solution of Cauchy problem for Harrod Domar differential equation model with variable coefficient of incremental capital-output ratio
Exact solution was obtained for the Cauchy problem for differential equation model of Harrod Domar macroeconomic dynamics with variable coefficient of incremental capital-output ratio which is a function of time. Previously there was known a solution for this problem only with constant coefficients of capital-output ratio of revenue growth.
differential equation / Cauchy problem / model of macroeconomic dynamics / linear variable coefficient of incremental capital-output ratio / exogenous dynamics of consumption / investment
Meyerson A.Y., Chernyaev A.P.
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