A macroeconomic model on the relation between economic growth and the environment is investigated with the aim of illustrating how the method of region analysis can be used in solving practical problems formulated as regular optimal control problems with state constraints.
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Communicated by R. Bulirsch
This paper was written when the author was invited by Professor R. Bulirsch to work at the Munich University of Technology with the assistance of the Alexander Von Humboldt Foundation. The author would like to express his sincere gratitude to the Alexander Von Humboldt Foundation and to Professor Bulirsch.
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Phu, H.X. Investigation of a macroeconomic model by the method of region analysis. J Optim Theory Appl 72, 319–332 (1992). https://doi.org/10.1007/BF00940521
- Optimal control
- method of region analysis