Optimal Control of the Growth of Wealth of Nations

E.N. Chukwu

408 pages, parution le 11/02/2003

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Résumé

This is an introductory level graduate text for students and researchers in applied mathematics and applied economics. It looks at the current problems of the development and growth of the global economy by studying the dynamics of the 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 used is attempted using the economic time series of several countries. The models constructed 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 explores the extent of government intervention in the economy in comparison with private firms to ensure the controllability of the economy.

Contents

Competition and Cooperation: The Social Environment for Economic Activity
Economic Dynamics
Controllable Economic Systems
Ordinary Differential Systems Model of National Economies
Oscillation: Conditions for Economic Boom; Critera for the Prevention of Depression
Hereditary Economic Systems

Caractéristiques techniques

	PAPIER
Éditeur(s)	Taylor and Francis Books
Auteur(s)	E.N. Chukwu
Parution	11/02/2003
Nb. de pages	408
Format	17,7 x 25,2
Couverture	Relié
Poids	872g
Intérieur	Noir et Blanc
EAN13	9780415269667
ISBN13	978-0-415-26966-7