The Hamiltonian approach to the problem of derivation of production functions in economic growth theory

Roman G. Smirnov and Kunpeng Wang

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Abstract: We introduce a general Hamiltonian framework that appears to be a natural setting for the derivation of various production functions in economic growth theory, starting with the celebrated Cobb-Douglas function. Employing our method, we investigate some existing models and propose a new one as special cases of the general $n$-dimensional Lotka-Volterra system of eco-dynamics.

Date: 2019-06
New Economics Papers: this item is included in nep-gro
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Persistent link: https://EconPapers.repec.org/RePEc:arx:papers:1906.11224

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