최적제어기법의 지역정책에의 적용에 관한 연구 = 지역경제정책의 평가를 중심으로

다국어 초록 (Multilingual Abstract)

It is widely known that optimal control techniques are useful to measure the performance of macroeconomic policy. This paper examines how the methods could be applicable to the regional policy process, and applies them to the evaluation of the public investment expenditures conducted by the local government of Choongbook Province in Korea. The numerical example illustrates the usefulness of the methods for the evaluation of the regional economic policies suggesting the main findings as follows: (1) If the local government of Choongbook Province had increased the public investment expenditures allowing the budget deficits for the first three to four years during the period between 1985 and 1990, its GRDP would have early rise: i to the ratio of more than three percent of Korea`s total GDP. (2) The additional welfare losses incurred by not following the optimal policy were 0.191 in 1986, 0.607 in 1987, 1.585 in 1988, and 0.132 in 1989, indicating that the public investment policy proves to be the best in 1989 and the worst in 1988.