This paper presents a vintage capital model assuming putty–clay investment and perfect foresight. The model is written in discrete time and is simulated by using a second order relaxation algorithm. By computing the eigenvalues of the dynamic system, we have checked the conditions of existence...

This paper reviews dynamic structural econometric models with both continuous and discrete controls, and those with market interactions. Its goal is to highlight techniques which enable researchers to obtain estimates of the parameters of models with these characteristics, and then use the...

We analyze the effect of land reform legislation on labor market dynamics in the Romanian economy. We show that the agricultural sector, a source of precarious employment, has become an absorbing state for certain categories of workers who lost their jobs in the nonagricultural sector. A random...

Advanced monitoring, fault detection, automatic control and optimisation of the beer fermentation process require on-line prediction and off-line simulation of key variables. Three dynamic models for the beer fermentation process are proposed and validated in laboratory scale: a model based on...

Following the detailed study of the three modules of the Solar Multiple Condensation Evaporation Cycle (SMCEC)-based desalination unit located in Sfax, Tunisia, it was found necessary to couple the three modules, to simulate the desalination unit operation in an environment close to that of the...

In this study we analyse the role of the storageregulation in a fishery's production process when theresource exploited and the market to which theproduction is exported are characterized by seasonaldephased oscillations. For this purpose we built up adynamic model drawn from the French Guyana...