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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Bibliographic Details
Main Authors: Pengfei Zhao, Cai Liu, Xuan Feng
Format: Article
Language:English
Published: Hindawi Limited 2012-01-01
Series:Journal of Applied Mathematics
Online Access:http://dx.doi.org/10.1155/2012/384732