Model Reference Control for an Economic Growth Cycle Model
Copyright policy )Model Reference Control for an Economic Growth Cycle Model
A useful method in intelligent engineering, called model reference control (MRC), is applied in an economic control problem. The authors review the main framework of MRC and Goodwin growth cycle (GGC) model between two countries and drive the employment rate to be approximate stable in a high level by controlling the workers′ share in the national income automatically. It is very helpful to constitute economic policies for a country or an economic union.
- Jilin University China (People's Republic of)
- Jilin University China (People's Republic of)
Labor market, contracts, Economic growth models, model reference control, Application models in control theory, Macroeconomic theory (monetary models, models of taxation), QA1-939, economic control problem, Mathematics
Labor market, contracts, Economic growth models, model reference control, Application models in control theory, Macroeconomic theory (monetary models, models of taxation), QA1-939, economic control problem, Mathematics
selected citations These citations are derived from selected sources.This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).1 popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.Average influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).Average impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.Average
Citations provided by BIP!Popularity provided by BIP!