MILANG Journal of Mathematics and Its Applications
Vol. 8 No. 1 (2009): Journal of Mathematics and Its Applications

MODEL PERTUMBUHAN EKONOMI ANTAR KELOMPOK DAN SIMULASINYA

HERLIANI, A. L. (Unknown)
NUGRAHANI, E. H. (Unknown)
LESMANA, D. C. (Unknown)



Article Info

Publish Date
01 Jul 2009

Abstract

Domar’s economic growth model only considers capital as primary variable for production function. On the other hand, Solow’s economic growth model has added the labor as variable in the production function. The aim of this paper is to study distribution model of economic growth among groups in two regions proposed by Zhang (2005). This model considers human capital productivity as one of parameters of the production function. It has been shown that the dynamical system has a unique equilibrium. Therefore, the changes of human capital and propensity to save will influence total capital stocks and capital stocks in each group. Analytically, it is found that an increase in human capital and propensity to save will increase total capital stocks and capital stocks in each group.

Copyrights © 2009






Journal Info

Abbrev

jmap

Publisher

Subject

Mathematics

Description

MILANG Journal of Mathematics and Its Applications, originally established in 2002 as the Journal of Mathematics and Its Applications (ISSN 1412-677X), transitioned to online publishing in 2018 and was renamed in 2022 to reflect its broadened scope. The name MILANG, a Sundanese word meaning “to ...