The Hamiltonian approach to the problem of derivation of production functions in economic growth theory
classification
💰 econ.TH
math.SG
keywords
derivationeconomicfunctionsgeneralgrowthhamiltonianproductiontheory
read the original abstract
We introduce a general Hamiltonian framework that appears to be a natural setting for the derivation of various production functions in economic growth theory, starting with the celebrated Cobb-Douglas function. Employing our method, we investigate some existing models and propose a new one as special cases of the general $n$-dimensional Lotka-Volterra system of eco-dynamics.
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