An optimal control model of employment dynamics
作者:
WINSTONT. LIN,
期刊:
International Journal of Systems Science
(Taylor Available online 1977)
卷期:
Volume 8,
issue 10
页码: 1135-1144
ISSN:0020-7721
年代: 1977
DOI:10.1080/00207727708942109
出版商: Taylor & Francis Group
数据来源: Taylor
摘要:
In this paper it. is shown that Pontryagin's maximum principle can be used to set up an economic optimal control dynamic system which is composed of a pair of differential equations for employment and labour to investigate the long-run dynamic behaviour of capital and employment, the cyclical fluctuations of employment, and the producers' optimal employment policy that can be characterized by the dual meanings of the Pontryagin multiplier. One equation implies that money is not neutral because it has positive impact on employment while another equation implies that unemployment and inflation may happen simultaneously, as we have experienced in recent years.
点击下载:
PDF (4115KB)
返 回