Model Reference Control for an Economic Growth Cycle Model

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: 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
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spelling doaj-3848231af6664e45b4aa39ea7a800a452020-11-24T21:38:54ZengHindawi LimitedJournal 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
collection DOAJ
language English
format Article
sources DOAJ
author Pengfei Zhao
Cai Liu
Xuan Feng
spellingShingle Pengfei Zhao
Cai Liu
Xuan Feng
Model Reference Control for an Economic Growth Cycle Model
Journal of Applied Mathematics
author_facet Pengfei Zhao
Cai Liu
Xuan Feng
author_sort Pengfei Zhao
title Model Reference Control for an Economic Growth Cycle Model
title_short 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_sort model reference control for an economic growth cycle model
publisher Hindawi Limited
series Journal of Applied Mathematics
issn 1110-757X
1687-0042
publishDate 2012-01-01
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.
url http://dx.doi.org/10.1155/2012/384732
work_keys_str_mv AT pengfeizhao modelreferencecontrolforaneconomicgrowthcyclemodel
AT cailiu modelreferencecontrolforaneconomicgrowthcyclemodel
AT xuanfeng modelreferencecontrolforaneconomicgrowthcyclemodel
_version_ 1725933831345668096

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