Home  /  Economic Cybernetics  /  Núm: 1-3 Par: 0 (2014)  /  Article
ARTICLE
TITLE

Intellectual capital in economic growth models

SUMMARY

The new conception for constructing economic growth models is proposed in the article. Three main factors are taking into account: physical capital, labor, and intellectual capital (knowledge).  In this case, intellectual capital is represented in three dimensions: technological intellectual capital, human intellectual capital, and relational intellectual capital. In each dimension intellectual capital is considered as specific endogenous technological progress, which is described by the differential equation.

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