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Optimal Control of the Growth of Wealth of Nations

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Students and researchers in applied mathematics and applied economics can use this introductory-level graduate text. It looks at the current problems of the development of the global economy by studying the dynamics of key economic variables, such as gross national product, interest rates, employment, value of capital stock, prices (inflation) and balance of payments. Validation of the model is attempted using the economic time series of several countries. The constructed models explain the macroeconomic data of nations as ...

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Optimal Control of the Growth of Wealth of Nations
2003, CRC Press, London, England

ISBN-13: 9780415269667

Hardcover

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