Journal of Applied Mathematics
Volume 2012 (2012), Article ID 384732, 13 pages
http://dx.doi.org/10.1155/2012/384732
Research Article

Model Reference Control for an Economic Growth Cycle Model

Pengfei Zhao,1,2 Cai Liu,1 and Xuan Feng1

1College of Geoexploration Science and Technology, Jilin University, Changchun 130026, China
2Postdoctoral Flow Station of Computer Science and Technology, Jilin University, Changchun 130012, China

Received 20 February 2012; Revised 1 May 2012; Accepted 3 May 2012

Academic Editor: Roberto Barrio

Copyright © 2012 Pengfei Zhao et al. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

Abstract

A useful method in intelligent engineering, called model reference control (MRC), is applied in an economic control problem. The authors review the main framework of MRC and Goodwin growth cycle (GGC) model between two countries and drive the employment rate to be approximate stable in a high level by controlling the workers' share in the national income automatically. It is very helpful to constitute economic policies for a country or an economic union.