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Parameter Identification of a Class of Economical Models

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  • Begoña Cantó
  • Carmen Coll
  • Elena Sánchez

Abstract

In mathematical modeling of economic problems, it is common to assume that economic laws influence the process and analyze the type of solution obtained. Sometimes these laws have unknown parameters and they worth studying if these parameters can be determined. In this paper, a structured system is considered and the identifiability is analyzed. In case the parameters can be uniquely identified, an algorithm for obtaining the model parameters is presented and, finally, the existence of a balanced growth solution is studied.

Suggested Citation

  • Begoña Cantó & Carmen Coll & Elena Sánchez, 2010. "Parameter Identification of a Class of Economical Models," Discrete Dynamics in Nature and Society, Hindawi, vol. 2010, pages 1-12, June.
    • Handle: RePEc:hin:jnddns:408346
    DOI: 10.1155/2010/408346
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