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 language | English |
|---|---|
| Pages (from-to) | 21-39 |
| Journal | Journal of economic dynamics & control |
| Volume | 13 |
| Issue number | 1 |
| DOIs | |
| Publication status | Published - 1989 |