Economic growth in the European Union modelled with fractional derivatives: first results

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Economic growth in the European Union modelled with fractional derivatives: first results

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Title: Economic growth in the European Union modelled with fractional derivatives: first results
Author: Tejado Balsera, Inés; Pérez Hernández, Emiliano; Valério, Duarte
Abstract: Este documento presenta modelos de crecimiento económico para todos los Estados de la Unión Europea (UE), ya sea desde 1970 o desde el año de su adhesión a la UE. Se obtienen modelos de orden entero y fraccionario, donde el producto interno bruto (PIB) está en función de la superficie del país, la formación bruta de capital (GCF), las exportaciones de bienes y servicios, y el promedio de años de asistencia a la escuela.This paper presents models of economic growth for all states of the European Union (EU), since either 1970 or the year of accession to the EU. Both integer and fractional order models are obtained, where the gross domestic product (GDP) is a function of the country’s land area, gross capital formation (GCF), exports of goods and services, and average years of school attendance.
URI: http://hdl.handle.net/10662/9978
Date: 2018


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