A nonlinear optimal control approach to stabilization of a macroeconomic development model

A nonlinear optimal control approach to stabilization of a macroeconomic development model

A nonlinear optimal (H-infinity) control approach is proposed for the problem ofstabilization of the dynamics of a macroeconomic development model that is known as the Grossman-Helpman model of endogenous product cycles. The dynamics of the macroeconomic developmentmodel is divided in two parts. The...

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Bibliographic Details
Main Authors: Gerasimos Rigatos, Pierluigi Siano, Taniya Ghosh, Deborah Sarno
Format: Article
Language:English
Published: AIMS Press 2018-05-01
Series:Quantitative Finance and Economics
Subjects:
macroeconomic development models; Grossman-Helpman model; endogenous growth;nonlinear optimal control| H-infinity control| approximate linearization| Jacobian matrices| Riccatiequation| asymptotic stability
Online Access:http://www.aimspress.com/article/10.3934/QFE.2018.2.373/fulltext.html

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http://www.aimspress.com/article/10.3934/QFE.2018.2.373/fulltext.html

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