Control under scarcity of the growth of wealth of nations: with examples from Austria and the USA
by Ethelbert Nwakuche Chukwu
International Journal of Technology Management (IJTM), Vol. 23, No. 7/8, 2002

Abstract: The author postulates formulae for aggregate demand and its components z = C + I + X + G - consumption, C, investment, I, net export, X and government outlay, G and aggregate supply, S. By MATLAB and regression, z is confronted with data from Austria and the USA to deduce the right dynamics, a differential game of pursuit which is equivalent to a control system with control constraints. Conditions for controllability are given and their policy implications explored.

Online publication date: Thu, 10-Jul-2003

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