Estimation of the Solow-Cobb-Douglas economic growth model with a Kalman filter: An observability-based approach

This work presents a novel approach for estimating the Solow-Cobb-Douglas economic growth model. In this case, an Extended Kalman Filter is used for estimating, at the same time, the time-varying parameters of the model and the system state, from subsets of partially available economic data measurem...

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Bibliographic Details
Main Authors: Rodrigo Munguía, Jessica Davalos, Sarquis Urzua
Format: Article
Language:English
Published: Elsevier 2019-06-01
Series:Heliyon
Subjects:
Online Access:http://www.sciencedirect.com/science/article/pii/S2405844019355707

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