Optimal Control of the Growth of Wealth of Nations
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A01=E.N. Chukwu
Admissible Control
Author_E.N. Chukwu
Case Western Reserve University
Category=KCB
Category=PBW
Cumulative Balance
Delay Differential Equation
Desirable Target State
Deterministic Optimal Policies
Differential Game Model
Discrete Time Lags
dynamic game theory in economics
dynamic systems analysis
economic stability theory
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
Functional Differential Systems
government intervention analysis
graduate level mathematics
macroeconomic modelling
mathematical economics applications
MATLAB Command
NaN NaN
Nonlinear Delay Differential Equations
Nonlinear Delay Systems
Null Controllability
Optimal Control
Optimal Control Strategies
Optimal Feedback Control
Ordinary Differential Equation
Positive Equilibrium
Reachable Set
Runge Kutta Method
Schauder's Fixed Point Theorem
Schauder’s Fixed Point Theorem
Smoothing Sequence
Time Optimal Control
USA Model
Product details
- ISBN 9780415269667
- Weight: 879g
- Dimensions: 178 x 254mm
- Publication Date: 23 Jan 2003
- Publisher: Taylor & Francis Ltd
- Publication City/Country: GB
- Product Form: Hardback
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Students and researchers in applied mathematics and applied economics can use this introductory-level graduate text. It looks at the current problems of the development of the global economy by studying the dynamics of key economic variables, such as gross national product, interest rates, employment, value of capital stock, prices (inflation) and balance of payments. Validation of the model is attempted using the economic time series of several countries. The constructed models explain the macroeconomic data of nations as dynamic games of pursuit, which are equivalent to "control" problems and are used to study mathematical optimal control of the growth of the wealth of nations. This invaluable reference for graduates and researchers compares the extent of government intervention in the economy with private firms to ensure the controllability of the economy.
