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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.

  • Web Address
  • DOI
  • Date of creation in the UzSCI system 21-11-2024
  • Read count 3
  • Date of publication 26-08-2024
  • Main LanguageIngliz
  • Pages15-26
English

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.

Ўзбек

Ushbu maqolada iqtisodiy o‘sish hamda turmush darajasini oshirishda iste’mol va jamg‘arma stavkalarining ahamiyati ko‘rib chiqilgan. Unda iqtisodiyotning barqaror rivojlanishi uchun jamg‘armalarning optimal darajasini ifodalovchi “Oltin qoida” jamg‘arma stavkasi tushunchasi o‘rganilgan. Maqolada iste’mol, jamg‘arma va investitsiyalar o‘rtasidagi o‘zaro bog‘liqlik muhokama qilingan. Jamg‘arma stavkalari va barqaror iste’mol o‘rtasidagi bog‘liqlikni ko‘rsatish uchun Solou – Swan modeli tahlil qilingan. Solou modeli yordamida barqaror holatdagi iste’mol ifodasi bilan birga “Oltin qoida”ning barqaror holatdagi jamg‘arma stavkasining analitik va sonli yechimlari taqdim etilgan. Maqolada uzoq muddatli iqtisodiy o‘sish hamda hozirgi va kelajak avlodlar farovonligi uchun joriy iste’mol va kelajakdagi investitsiyalar o‘rtasidagi muvozanatni topish muhimligi ta’kidlangan.

Русский

В данной статье рассматривается важность нормы потребления и сбережений для экономического роста и повышения уровня жизни. В ней исследуется понятие золотого правила накопления, представляющее оптимальный уровень сбережений для устойчивого развития экономики. В статье обсуждается взаимосвязь между потреблением, сбережениями и инвестициями. С целью иллюстрации взаимосвязи между нормой сбережений и устойчивым потреблением изучена модель Солоу – Свона. С помощью модели Солоу представлены аналитические и численные решения по определению устойчивых нормы сбережений и уровня потребления по золотому правилу нормы сбережений. В статье подчёркивается важность поиска баланса между текущим потреблением и будущими инвестициями для долгосрочного экономического роста и благополучия нынешнего и будущих поколений.

№ Author name position Name of organisation
1 Azibayev A.G. doktorant Namangan davlat universiteti
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