Abstract
The relationship between Tinbergen’s conditions and dynamic controllability conditions has been considered in a large number of papers which have followed Preston’s 1974 pioneering article. In particular a recent paper by Wohltmann [25] thoroughly analyses this relationship for the discrete time case. The continuous time case, however, in our opinion, deserves further discussion.
This paper has been prepared in the context of a research financed by the Consiglio Nazionale delle Ricerche. I wish to thank G. Gandolfo and A. Isidori for helpful comments.
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© 1987 Martinus Nijhoff Publishers, Dordrecht
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Petit, M.L. (1987). A System-Theoretic Approach to the Theory of Economic Policy. In: Carraro, C., Sartore, D. (eds) Developments of Control Theory for Economic Analysis. Advanced Studies in Theoretical and Applied Econometrics, vol 7. Springer, Dordrecht. https://doi.org/10.1007/978-94-009-3495-5_3
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