Showing 1 - 10 of 23
Persistent link: https://www.econbiz.de/10003826919
In this essay we are concerned with how the application of multi-dimensional graphs (or Cartesian Spaces) can enable the relaxation or minimization of ceteris paribus assumption in economic models. Nonetheless, we agree that ceteris paribus assumption is necessary in 2-Dimensional and...
Persistent link: https://www.econbiz.de/10014049382
The rationale of hybrid economic models revolves around the efficacy of multidimensional mathematical modeling and graphs as the most effective tools to understand any economic problem from a multidimensional view. The main motivation behind the creation of hybrid economic models is to evaluate...
Persistent link: https://www.econbiz.de/10012845809
Persistent link: https://www.econbiz.de/10009259861
Persistent link: https://www.econbiz.de/10009411636
Theories of regional integration typically analyze the regional integration process from the perspective of a single discipline, usually economics. However, such one-dimensional analytical frameworks cannot fully capture the richness and complexity of the inherently multi-dimensional regional...
Persistent link: https://www.econbiz.de/10011283440
Persistent link: https://www.econbiz.de/10011478787
This article proposes a new economic modeling theoretical framework known as multidimensional real-time economic modeling (MRTE-Modeling). The model is an important tool that economists and educators can use to demonstrate the multidimensional aspects of economic behavior. MRTE-Modeling...
Persistent link: https://www.econbiz.de/10011452950
Persistent link: https://www.econbiz.de/10011965865
Persistent link: https://www.econbiz.de/10011917926