THE MODEL REFERENCE ADAPTIVE SYSTEM IN THE DYNAMIC INPUT‐OUTPUT MODEL

Yuzuru Miyata and Etsuo Yamamura

Papers in Regional Science, 1990, vol. 68, issue 1, 57-70

Abstract: ABSTRACT In this paper we explore the use of the Model Reference Adaptive System (MRAS) in a dynamic socio‐economic environment. We prove the existence of adaptation laws which ensure that the error equation in MRAS for a dynamic input‐output model is asymptotically stable. The resulting theorems are appraised through some numerical simulations.

Date: 1990
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https://doi.org/10.1111/j.1435-5597.1990.tb01193.x

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Persistent link: https://EconPapers.repec.org/RePEc:bla:presci:v:68:y:1990:i:1:p:57-70

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