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Modeling of economic dynamics and production functions


Ilyyas Abdullaev
(about the author)

Abdullaev Ilyyas Sultanovich –

Published in:
Russian Journal of Entrepreneurship
– № 11-2 / November, 2009



Keywords: fixed assets, khorezm region, labour resources, marginal product, neoclassical production function, production function of cobb-douglas, resources efficiency


Citation:
Ilyyas Abdullaev (2009). Modeling of economic dynamics and production functions. Russian Journal of Entrepreneurship, 10(11), 173-176. — url: http://bgscience.ru/com/lib/1835


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Abstract:

The article examines one of the important problems of modeling economic dynamics - the best choice of the production function which describes production processes in economic systems. The author shows that neoclassical functions mostly often used for this purpose are not the best class of the models.







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