Model reference control for an economic growth cycle model (Q1760668): Difference between revisions
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Revision as of 23:18, 19 March 2024
scientific article
| Language | Label | Description | Also known as |
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| English | Model reference control for an economic growth cycle model |
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Model reference control for an economic growth cycle model (English)
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15 November 2012
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Summary: 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.
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model reference control
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economic control problem
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