Optimal Trajectories of the Innovation Process and Their Matching with Econometric Data
- Cite this article as:
- Reshmin, S., Tarasyev, A. & Watanabe, C. Journal of Optimization Theory and Applications (2002) 112: 639. doi:10.1023/A:1017924301798
A dynamical model of optimal economic growth is used for the comparison of catalogs of real econometric data and synthetic growth scenarios. The model is calibrated on a database of the Tokyo Institute of Technology. Special attention is paid to the aggregated data of the Japanese manufacturing industry in the period 1960–92. A description of an algorithm modeling optimal trends in the technological dynamics is given.