Publication detail

Solution of Dynamical Macroeconomic Model Using Modern Methods

NOVOTNÁ, V. ŠUSTROVÁ, T.

Original Title

Solution of Dynamical Macroeconomic Model Using Modern Methods

Type

bibliography

Language

English

Original Abstract

The paper aims to demonstrate ways in which the possibility of software solution of dynamical economic models by means of delay differential equations can be applied in economic theory. The original problem - relationship between tonnage and freight is used to demonstrate that the original experimental solution can be successfully replaced with an analytical method, and significantly more precise information on the behaviour of the model examined can be obtained. The paper further describes some of the basic tools for work with differential equations in Maple and shows the solution of a specific model.

Keywords

Modeling; mathematical software; Jan Tinbergen; Shipbuilding cycle

Authors

NOVOTNÁ, V.; ŠUSTROVÁ, T.

Released

19. 6. 2015

Publisher

IBIMA Publishing library

Location

USA

ISBN

2169-0367

Periodical

Journal of Eastern Europe Research in Business & Economics

Year of study

2015

Number

1

State

United States of America

Pages from

1

Pages to

9

Pages count

9

BibTex

@misc{BUT115833,
  author="Veronika {Novotná} and Tereza {Šustrová}",
  title="Solution of Dynamical Macroeconomic Model Using Modern Methods",
  year="2015",
  journal="Journal of Eastern Europe Research in Business & Economics",
  volume="2015",
  number="1",
  pages="1--9",
  publisher="IBIMA Publishing library",
  address="USA",
  doi="10.5171/2015.701425",
  issn="2169-0367",
  note="bibliography"
}