Journal of Optimization Theory and Applications

, Volume 112, Issue 3, pp 639–655

Optimal Trajectories of the Innovation Process and Their Matching with Econometric Data

  • S.A. Reshmin
  • A.M. Tarasyev
  • C. Watanabe
Article

DOI: 10.1023/A:1017924301798

Cite this article as:
Reshmin, S., Tarasyev, A. & Watanabe, C. Journal of Optimization Theory and Applications (2002) 112: 639. doi:10.1023/A:1017924301798

Abstract

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.

Dynamic optimality principles economic growth control synthesis saddle-type equilibrium asymptotic econometric characteristics 

Copyright information

© Plenum Publishing Corporation 2002

Authors and Affiliations

  • S.A. Reshmin
    • 1
  • A.M. Tarasyev
    • 2
    • 3
  • C. Watanabe
    • 4
  1. 1.Institute for Problems in MechanicsMoscowRussia
  2. 2.International Institute for Applied Systems AnalysisLaxenburgAustria
  3. 3.Institute of Mathematics and MechanicsEkaterinburgRussia
  4. 4.Tokyo Institute of TechnologyTokyoJapan

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