Application of discrete dynamic model for the assessment of stability of the world economy development

Journal Title: Business and Economic Horizons - Year 2018, Vol 14, Issue 1

Abstract

A discrete dynamic model (DDM) is used to describe the pace of the world GDP annual change rate. The Mandelbrot set of DDM was constructed for different time intervals to assess the ability of the world economic system to maintain a steady pace of development. The article shows that the world economic system is in a fundamentally non-equilibrium state. The Mandelbrot set was proposed to use as a generalized image ("pictogram") of the world economy's ability to maintain sustained development rates.

Authors and Affiliations

Anatoly Kilyachkov, Larisa Chaldaeva, Nikolay Kilyachkov

Keywords

Related Articles

Impact of green innovation on the sustainable performance of food industrial firms applying green industry initiatives under the Green Industry Project of the Ministry of Industry of Thailand

This research examines the impact of green innovation on the sustainable performance of Thai food industry implementing green industry initiatives in compliance with the national Green Industry Project. The correlation a...

Are fiscal budgets sustainable in South Africa? Evidence from provincial level data

This study uses the nonlinear autoregressive distributive lag (N-ARDL) model to investigate the expenditure-revenue relationship for all nine South African provinces using annual data spanning from 2000 to 2016. Whereas...

Do tax incentives matter for investment? A literature review

The effectiveness of tax incentives in attracting FDI remains one of the unsettled concepts in public finance. The importance of tax incentives in attraction of internationally mobile capital differs with the jurisdictio...

Does the retirement saving motive foster higher savings? The evidence from the Polish household survey

This study focuses on the role of the retirement motive for saving behaviour. It examines empirically the research hypothesis that controlling for a set of economic and sociodemographic individual characteristics, househ...

Inflation persistence in BRICS countries: A quantile autoregressive (QAR) approach

Using the quantile autoregression methodology (QAR), this study contributes to the ever-expanding empirical literature by investigating the persistence in inflation for BRICS countries using quarterly time series data co...

Download PDF file
  • EP ID EP448150
  • DOI 10.15208/beh.2018.6
  • Views 119
  • Downloads 0

How To Cite

Anatoly Kilyachkov, Larisa Chaldaeva, Nikolay Kilyachkov (2018). Application of discrete dynamic model for the assessment of stability of the world economy development. Business and Economic Horizons, 14(1), -. https://europub.co.uk/articles/-A-448150