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"The Use of Optimal Control Techniques to Measure Economic Performance," International Economic Review, 1978.

Paper: pdf file

This paper proposes a measure of economic performance of policy makers based on the solution of optimal control problems. The solution technique in 1974#1 is used for the results, and the structural model in 1976#1 is used. This work is reviewed and updated in Chapter 10, Section 10.3, in 1984#2.