SAMUELSON HICKS'S DYNAMIC ECONOMIC MODEL
Abstract
The article analyzes the basic principles of the Samuelson-Hicks dynamic economic model , including the interactions of the multiplier and accelerator, as well as economic cycles and their impact on the modern economy. The relevance of the model for economic systems and politics is shown, and its application to economic growth, stability and economic policy formulation is emphasized. The article discusses the limitations of the Samuelson-Hicks model and the need for its modernization, in particular, taking into account external factors and technological development. Suggestions for the development of a model for effective management of economic policy and sustainable economic growth are also given.
Keywords
Paul Samuelson, John Hicks , mathematical model, Samuel - Hicks , economic efficiency.
References
- docs.uz (Economic models)
- ru.wikipedia.org (Samuelson and Hicks)
- “Dynamic economic models” Saifiev Yorkin
- soff.us (using dynamic economic models)
- “Application of the Samuelson-Hicks Model in a Modern Economy: The Case of Bhutan”
- “Application of the Samuelson-Hicks Model in the Contemporary Economy of the Republic of Namibia”
- Hicks accelerator model , with a lower limit determined by equity
- “Macroeconomics” - Wikipedia
- Hicks’ “Business Cycle Model with Floors and Ceilings”