Abstract
The problem of optimal economic growth utilizing the neoclassical models is formulated in the framework of multilevel systems theory. A suitable two-level control structure is developed, whereby the economy is represented by uncoupled consumption and investment sectors and constitutes the lower level. At the higher level, the central planner coordinates the economic sectoral coupling through a pertinent per capita balancing level mechanism.
| Original language | English |
|---|---|
| Pages | 889-893 |
| Number of pages | 5 |
| State | Published - 1976 |
ASJC Scopus subject areas
- General Engineering
