Numerical Analysis Of Non-Closed Models
AbstractBasically, a “non-closed” model is a system of equations in which the number of variables is greater than the number of equations. Usually, in such a case the model becomes “closed” by adding some behavioral equations. For a non-closed model, there is the possibility to consider a number of independent variables. The remaining dependent variables become implicit functions. Unfortunately, the main mathematical tool, the theorem of implicit functions, gives only an existence result. By using the derivative formula, it is possible to find the numerical solution for the implicit function. This means we will be able to find the values of the implicit function according to a finite scheme.
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Bibliographic InfoArticle provided by Institute for Economic Forecasting in its journal Romanian Journal of Economic Forecasting.
Volume (Year): 1 (2004)
Issue (Month): 1 (February)
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mathematical modeling; non-closed models;
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- C63 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computational Techniques
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