Model reference control for an economic growth cycle model

DOI10.1155/2012/384732MaRDI QIDQ1760668zbMATH OpenOpenAlexDBLPWikidataFDO

Authors Pengfei Zhao, Cai Liu, Xuan Feng

Publication date 15 November 2012

Published in Journal of Applied Mathematics (Search for Journal in Brave)

Copyright license Creative Commons Attribution 4.0 International

Full work available at URL https://doi.org/10.1155/2012/384732

zbMATH Keywords

economic control problemmodel reference control

Mathematics Subject Classification ID

Economic growth models (91B62) Macroeconomic theory (monetary models, models of taxation) (91B64) Application models in control theory (93C95)

Review text

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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Cited in

(5)

• Model reference control for SIRS models
• Capturing and tuning nonlinear characteristics of economic stabilization systems by fuzzy control techniques
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• scientific article; zbMATH DE number 1263944 (Why is no real title available?)
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