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040 _aMSU
_cMSU
_erda
100 _aCUI, Xiaoyong
245 _aThe Z-transform method for multidimensional dynamic economic systems
264 _aNew York
_bTaylor & Francis
_c2013
336 _2rdacontent
_atext
_btxt
337 _2rdamedia
_aunmediated
_bn
338 _2rdacarrier
_avolume
_bnc
440 _aApplied Economics Letters
_vVolume , number ,
520 _aThis article uses the Z-transform to develop a method for solving the linearised multidimensional discrete-time systems, which can be used to discuss the effects of policies on economy (including the welfare gains and initial effects on economy) raised by multi-sector perfect-foresight-discrete-time models. Our method is not restricted to the dimension of the dynamic system, and it can not only analyse the effect of permanent policy change on the economy but also can be used to analyse the effect of temporal policy change on the economy. As an application example, we analyse the effects of fiscal policy on the initial economy and social welfare in the discrete-time Uzawa–Lucas model.
650 _aZ - transform
650 _asteady - state comparisons
650 _adiscrete - time systems
700 _aGONG, Liutang
700 _aZHAO, Xiaojun
700 _aZOU, Heng - fu
856 _uhttps://doi.org/10.1080/13504851.2013.787156
942 _2lcc
_cJA
999 _c163305
_d163305