Calculating Gross Domestic Product as a Function of Labor and Capital

被引:15
|
作者
B. B. Dunaev
机构
[1] Technical Center of the National Academy of Sciences of Ukraine,
关键词
macroeconomy; simulation; capital; labor; wages; measurement;
D O I
10.1023/B:CASA.0000028104.65602.48
中图分类号
学科分类号
摘要
A model of calculation of gross domestic product (GDP) is determined with the use of macroeconomic regularities: the GDP is expressed in terms of the Cobb-Douglas production function depending on the number of workers and on the amount of capital in the production sphere; the function of real equilibrium wages depending on capital intensity of labor in the production sphere in case of full employment of population; the function of supply of labor depending on income from capital per head of population and on condition of maximum utility of housekeeping; the functions of demand for labor depending on real wages.
引用
收藏
页码:86 / 96
页数:10
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