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The use of production ves-functions to simulate the functioning of the socio- economic systems

Sokol G.   (Yugra State University, (Khanty-Mansiysk, Russia))

The article presents the results of a comparative analysis of the functioning of economic systems modeling using known analytical dependence for VES-function, and the author of the proposed algorithm for constructing this type of production functions, which showed the feasibility of using it to solve problems of this kind. In the simulation used the statistics published in the press.

Keywords:Production function, substitution of labor by capital, the elasticity of substitution of capital for labor, variable elasticity
 

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Citation link:
Sokol G. The use of production ves-functions to simulate the functioning of the socio- economic systems // Современная наука: актуальные проблемы теории и практики. Серия: Естественные и Технические Науки. -2016. -№09-10. -С. 50-55
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