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Applying Fractional Calculus to Analyze Economic Growth Modelling.
- Source :
-
Journal of Applied Mathematics, Statistics & Informatics . May2018, Vol. 14 Issue 1, p25-36. 12p. - Publication Year :
- 2018
-
Abstract
- In this work, we apply fractional calculus to analyze a class of economic growth modelling (EGM) of the Spanish economy. More precisely, the Grünwald-Letnnikov and Caputo derivatives are used to simulate GDP by replacing the previous integer order derivatives with the help of Matlab, SPSS and R software. As a result, we find that the data raised from the Caputo derivative are better than the data raised from the Grünwald-Letnnikov derivative. We improve the previous result in [12]. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 13369180
- Volume :
- 14
- Issue :
- 1
- Database :
- Academic Search Index
- Journal :
- Journal of Applied Mathematics, Statistics & Informatics
- Publication Type :
- Academic Journal
- Accession number :
- 130309754
- Full Text :
- https://doi.org/10.2478/jamsi-2018-0003