A fractional perspective to the bond graph modelling of world economies

作者: J. A. Tenreiro Machado , Maria Eugénia Mata

DOI: 10.1007/S11071-014-1334-0

关键词: Representation (mathematics)GlobalizationScale (ratio)BondBond graphFractional calculusMathematicsMathematical economicsOrder (exchange)Dynamical systems theory

摘要: Inspired in dynamic systems theory and Brewer’s contributions to apply it economics, this paper establishes a bond graph model. Two main variables, set of inter-connectivities based on nodes links (bonds) fractional order dynamical perspective, prove be good macro-economic representation countries’ potential performance nowadays globalization. The estimations time series for 50 countries throughout the last decades confirm accuracy model importance scale economic performance.