On dynamic decoupling and dynamic path controllability in economic systems

Henk Nijmeijer

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    Abstract

    In this paper the dynamic decouplability and dynamic path controllability of nonlinear discrete-time economic systems in state space form are discussed. Based on the observation that both properties are equivalent, a (theoretical) efficient way of target path controllability is proposed. This is illustrated for a fairly general example of a closed economy.
    Original languageUndefined
    Pages (from-to)21-39
    JournalJournal of economic dynamics & control
    Volume13
    Issue number1
    DOIs
    Publication statusPublished - 1989

    Keywords

    • IR-70479

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