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...
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| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Wiley
2012-01-01
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| Series: | Journal of Applied Mathematics |
| Online Access: | http://dx.doi.org/10.1155/2012/384732 |
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| _version_ | 1850105894140903424 |
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| author | Pengfei Zhao Cai Liu Xuan Feng |
| author_facet | Pengfei Zhao Cai Liu Xuan Feng |
| author_sort | Pengfei Zhao |
| collection | DOAJ |
| description | 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. |
| format | Article |
| id | doaj-art-3848231af6664e45b4aa39ea7a800a45 |
| institution | OA Journals |
| issn | 1110-757X 1687-0042 |
| language | English |
| publishDate | 2012-01-01 |
| publisher | Wiley |
| record_format | Article |
| series | Journal of Applied Mathematics |
| spelling | doaj-art-3848231af6664e45b4aa39ea7a800a452025-08-20T02:38:58ZengWileyJournal of Applied Mathematics1110-757X1687-00422012-01-01201210.1155/2012/384732384732Model Reference Control for an Economic Growth Cycle ModelPengfei Zhao0Cai Liu1Xuan Feng2College of Geoexploration Science and Technology, Jilin University, Changchun 130026, ChinaCollege of Geoexploration Science and Technology, Jilin University, Changchun 130026, ChinaCollege of Geoexploration Science and Technology, Jilin University, Changchun 130026, ChinaA 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.http://dx.doi.org/10.1155/2012/384732 |
| spellingShingle | Pengfei Zhao Cai Liu Xuan Feng Model Reference Control for an Economic Growth Cycle Model Journal of Applied Mathematics |
| title | Model Reference Control for an Economic Growth Cycle Model |
| title_full | Model Reference Control for an Economic Growth Cycle Model |
| title_fullStr | Model Reference Control for an Economic Growth Cycle Model |
| title_full_unstemmed | Model Reference Control for an Economic Growth Cycle Model |
| title_short | Model Reference Control for an Economic Growth Cycle Model |
| title_sort | model reference control for an economic growth cycle model |
| url | http://dx.doi.org/10.1155/2012/384732 |
| work_keys_str_mv | AT pengfeizhao modelreferencecontrolforaneconomicgrowthcyclemodel AT cailiu modelreferencecontrolforaneconomicgrowthcyclemodel AT xuanfeng modelreferencecontrolforaneconomicgrowthcyclemodel |