Name
Abstract | ||
|---|---|---|
Recent policy applications of control theory methods in dynamic economic models raise the issue of imposing the transversality condition for determining a unique optimal control policy. In a stochastic framework this issue involves alternative methods of estimation, which are discussed here both theoretically and empirically. The economic implications of the alternative methods are analysed here in some detail through several recent dynamic models in economic growth and exchange rate instability. |
Year | DOI | Venue |
|---|---|---|
1997 | 10.1080/00207729708929447 | INTERNATIONAL JOURNAL OF SYSTEMS SCIENCE |
Keywords | Field | DocType |
estimating,economics | Econometrics,Economics,Mathematical economics,Optimal control,Economic model,Dynamic models,Transversality,Exchange rate | Journal |
Volume | Issue | ISSN |
28 | 9 | 0020-7721 |
Citations | PageRank | References |
1 | 0.54 | 0 |
Authors | ||
1 | ||
Name | Order | Citations | PageRank |
|---|---|---|---|
| Jati K. Sengupta | 1 | 72 | 60.40 |