On the optimal control problem for two regions’ macroeconomic model
In this paper we consider a model of joint economic growth of two regions. This model bases on the classical Kobb-Douglas function and is described by a nonlinear system of differential equations. The interaction between regions is carried out by changing the balance of trade. The optimal control pr...
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| Format: | Article |
| Language: | English |
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Polish Academy of Sciences
2015-12-01
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| Series: | Archives of Control Sciences |
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| Online Access: | http://www.degruyter.com/view/j/acsc.2015.25.issue-4/acsc-2015-0027/acsc-2015-0027.xml?format=INT |