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ANALYTICAL AND NUMERICAL EXPRESSIONS OF THE GOLDEN RULE OF CAPITAL ACCUMULATION

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SCIENCE AND INNOVATIVE DEVELOPMENT

SCIENCE AND INNOVATIVE DEVELOPMENT

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ARTICLE ANNOTATION

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This article examines the importance of consumption and savings rate for economic growth and improvement of living standards. It explores the concept of the golden rule of savings, which represents the optimal savings rate for sustainable economic development. The paper discusses the relationship between consumption, savings and investment. In order to illustrate the relationship between the savings rate and sustainable consumption, the Solow – Swan model is studied. Using the Solow model, analytical and numerical solutions are presented to determine the sustainable savings rate and consumption rate by the golden rule of savings rate. The article emphasizes the importance of finding a balance between current consumption and future investment for long-term economic growth and well-being of present and future generations.

AUTHORS

A.Azibayev

Namangan davlat universiteti

Tags

# investment# инвестиции# сбережения# savings# economic growth# turmush darajasi# потребление# consumption# уровень жизни# экономический рост# iqtisodiy o‘sish# рост населения# population growth# jamg‘arma# standard of living# iste’mol# sarmoya# empirical analysis# empirik tahlil# эмпирический анализ# golden rule of savings rate# Solow – Swan model# sustainable consumption# intertemporal budget constraint# capital accumulation# per capita income# Cobb – Douglas production functi# “Oltin qoida” jamg‘arma darajasi# Solou – Swan modeli# barqaror iste’mol# vaqtlararo byudjet cheklovi# kapital jamg‘arish# aholi o‘sishi# jon boshiga daromad# Kobb – Duglas ishlab chiqarish f# золотое правило нормы сбережений# модель Солоу – Свона# устойчивое потребление# межвременное бюджетное ограничен# накопление капитала# доход на душу населения# производственная функция Кобба –

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Article Identifiers

ROI:

https://eroi.uz/11.0094/A1124-0011

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