I mathematical models in economics weibin zhang encyclopedia of life support systems eolss major types of models, and the underlying economic theory. Will concentrate on the role of capital k, labor l. A read is counted each time someone views a publication summary such as the title, abstract, and list of authors, clicks on a figure, or views or downloads the fulltext. Recall that development is the process of establishing societal infrastructure for growth. Models of economic growth encyclopedia of life support. Determinants economic growth now, want to concentrate oneconomic factorsof economic growth. The evolution of models in regional economic research 3. But then, following two upheavals, this turf was lost. The secret of the economic miracle of many countries that have high standard of living, in fact, is simple and quite obvious. Extremely simple mathematical models are shown to be able to account for 99. One of the most important aspects of human development is the ability to have a decent standard of living. Models of economic growth, assume structure in place and concentrate on long run economic growth.