The Model of Economic Development and Its Testing on Statistical Data
Abstract
Key words: Solow equation, distribution of investment, science funding, elasticity coefficient by a factor of capital.
Annotation: Recently, a very important and promising is the research area, to study the conditions of the best use of the funds invested in high-tech industries. It is obvious that the development of such technology is costly. What to invest: in the research or the development of production? The article discusses endogenous growth model in which the volume of investment in research is reflected in the value of the coefficient of elasticity of the factor capital. The results of testing this model in various statistics.
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