New Mathematical Advances in Economic Dynamics

1st Edition

David F. Batten, Paul F. Lesse

Routledge
Published June 25, 2019
Reference - 216 Pages
ISBN 9780815350576 - CAT# K345794
Series: Routledge Library Editions: Econometrics

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Summary

Originally published in 1985. Mathematical methods and models to facilitate the understanding of the processes of economic dynamics and prediction were refined considerably over the period before this book was written. The field had grown; and many of the techniques involved became extremely complicated. Areas of particular interest include optimal control, non-linear models, game-theoretic approaches, demand analysis and time-series forecasting. This book presents a critical appraisal of developments and identifies potentially productive new directions for research. It synthesises work from mathematics, statistics and economics and includes a thorough analysis of the relationship between system understanding and predictability.

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