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
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- EP ID EP448150
- DOI 10.15208/beh.2018.6
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