Fractional State Space Analysis of Economic Systems

• Tipo: Artigo em Revista Científica Internacional
• Data: 2015

Autores

Tenreiro Machado, JAT (Autor) Outra; Mata, ME (Autor) Outra; António Mendes Lopes (Autor) FEUP

Revista

Título: Entropy

Vol. 17

Páginas: 5402-5421

ISSN: 1099-4300

Editora: MDPI

Indexação

ISI Web of Knowledge - 68 Citações

Scopus - 75 Citações

Outras Informações

ID Authenticus: P-00G-K3Z

DOI: 10.3390/e17085402

Abstract (EN): 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.

Idioma: Inglês

Tipo (Avaliação Docente): Científica

Nº de páginas: 20