Modeling of the national economies in state-space: A fractional calculus approach

A new approach to macroeconomic modeling is presented and illustrated by an application to modeling the behavior of national economies of the three Commonwealth countries. The developed approach is based on three essential modern tools.

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Year of publication:	2012
Authors:	Škovránek, Tomáš ; Podlubny, Igor ; Petráš, Ivo
Published in:	Economic Modelling. - Elsevier, ISSN 0264-9993. - Vol. 29.2012, 4, p. 1322-1327
Publisher:	Elsevier
Subject:	Macroeconomics \| Mathematical and quantitative methods \| Economic systems \| Fractional calculus \| State-space \| Fractional differential equations \| Modeling \| Orthogonal distance fitting

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011048789