Scientific and practical journal
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Regional Economy
   



Bilyy Leonid Adamovych



Bilyy Leonid Adamovych

Doctor of Technology, Professor

Professor of the Department of economic cybernetics of the Lviv Academic Institute of University of Banking

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Coauthors



Dutka Hanna Yakivna



Publications



Repository of Institute of Regional Research Bilyy, L. A., & Dutka, G. Ya. (2009). Analiz periodychnykh protsesiv ekonomichnoho zrostannya na osnovi modeli chutlyvosti [The Analysis of Periodic Processes of Economic Growth on the Basis of Model of Sensitivity]. Rehional'na ekonomika - Regional Economy, 51(1), 272 p. [in Ukrainian]. 

Publication is devoted to the analysis of nonlinear model of economic growth of Harrod-Domar based on the model of sensitivity to initial conditions. The model is based on assumptions on the nonlinearity of the production function and periodic character of the volume of consumption. Instead of the traditional solution of the Cauchy problem and the definition of economic growth as the end of the transition process is proposed to seek T-periodic solution. Equation of the model with initial conditions at the edges of the period is form two-point boundary value problem. Numerical integration of differential equation in the interval of time equal to the period T and the found solution for t=T is specified by the iterative formula of Newton. The condition for determining periodic solutions is equal to zero objective function. 
economic growth, mathematical model, production function, the model of sensitivity 


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