System dynamic modeling of knowledge accumulation processes

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Date
2020
Authors
Khrystan, Olena
Oliskevych, Marianna
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Abstract
The large difference in economic development among countries is associated with knowledge development. The distribution of factors takes into account two sectors – research and development (R&D) sector and good-production sector. We assume that some fraction of labor force as well as some fraction of capital are used in R&D sector. Rest of them are used in goods production sector.
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Keywords
economic development, capital accumulation, system dynamic modeling, conference materials
Citation
Khrystan О. System dynamic modeling of knowledge accumulation processes / Khrystan Оlena, Oliskevych Marianna // 3rd Annual Research Conference "Theory and practice of system dynamics in finance" : proceedings, December 7, 2020, Kyiv / ed. by Olena Primierova ; National University of Kyiv-Mohyla Academy, Department of Finance, Center of Financial and Economic Research [et al.]. - Kyiv : [Інтерсервіс], 2020. - P. 34-37.