SOME APPLICATIONS OF LIE GROUPS IN THEORY OF TECHNICAL PROGRESS
Keywords:
Production function, Lie group, technical progress, holotheticity
Abstract
In recent decades, we have known some interesting applications of Lie theory in the theory of technological progress. Firstly, we will discuss some results of R. Saito in [1] and [2] about the application modeling of Lie groups in the theory of technical progress. Next, we will describe the result on Romanian economy of G. Zaman and Z. Goschin in [4]. Finally, by using Sato’s results and applying the method of G. Zaman and Z. Goschin, we give an estimation of the GDP function of Viet Nam
for the 1995-2018 period and give several important observations about the impact of technical progress on economic growth of Viet Nam.
Published
2021-08-12
Section
Articles