Fractional State Space Analysis of Economy Systems

Machado, J.A.Tenreiro; Mata, Maria Eugénia; Lopes, António Mendes

http://hdl.handle.net/10400.22/6968

Utilize este identificador para referenciar este registo.

Nome:	Descrição:	Tamanho:	Formato:
ART_TenreiroMachado30_2015.pdf		2.78 MB	Adobe PDF	Ver/Abrir

Contacte-nos

Autores

Machado, J.A.Tenreiro

Mata, Maria Eugénia

Lopes, António Mendes

Resumo(s)

This paper examines modern economic growth according to the multidimensional scaling (MDS) method and state space portrait (SSP) analysis. Electing GDP per capita as the main indicator for economic growth and prosperity, the long-run perspective from 1870 to 2010 identifies the main similarities among 34 world partners’ modern economic growth and exemplifies the historical waving mechanics of the largest world economy, the USA. MDS reveals two main clusters among the European countries and their old offshore territories, and SSP identifies the Great Depression as a mild challenge to the American global performance, when compared to the Second World War and the 2008 crisis.

Palavras-chave

State space portrait Fractional calculus Multidimensional scaling Economic growth Convergence and divergence Colonizers and offshores

URI

http://hdl.handle.net/10400.22/6968

Editora

Entropy

DOI

10.3390/e17085402

Coleções

ISEP - DEE - Artigos

Métricas Alternativas

Ver registo completo