Fractional calculus in economic growth modelling : the spanish and portuguese cases
| Autor: | Inés Tejado, Nuno Valério, Emiliano Pérez, Duarte Valério |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2017 |
| Předmět: |
Macroeconomics
Control and Optimization Gross Domestic Product Population 01 natural sciences Gross domestic product 010305 fluids & plasmas Goods and services Order (exchange) Economic Growth 0103 physical sciences Economics Electrical and Electronic Engineering 010306 general physics education Civil and Structural Engineering education.field_of_study Final consumption expenditure Mechanical Engineering Gross domestic income Capital formation Dynamic Model Control and Systems Engineering Modeling and Simulation Fractional Calculus Arable land |
| Popis: | This work presents a fractional order approach to model the growth of national economies, namely, their gross domestic products (GDPs). Land area, arable land, population, school attendance, gross capital formation, exports of goods and services, general government final consumption expenditure and money and quasi money are taken as variables to describe GDP. The particular cases of the national economies of Spain and Portugal are studied along the last five decades. Results show that fractional models have a better performance than the other alternatives considered in the literature. info:eu-repo/semantics/publishedVersion |
| Databáze: | OpenAIRE |
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