Back to Search
Start Over
Global dynamics of GDP and trade.
- Source :
-
International Journal of Modern Physics C: Computational Physics & Physical Computation . Feb2023, Vol. 34 Issue 2, p1-16. 16p. - Publication Year :
- 2023
-
Abstract
- We use the logistic equation to model the dynamics of the GDP and the trade of the six countries with the highest GDP in the world, namely, USA, China, Japan, Germany, UK and India. From the modeling of the economic data, which are made available by the World Bank, we predict the maximum values of the growth of GDP and trade, as well as the duration over which exponential growth can be sustained. We set up the correlated growth of GDP and trade as the phase solutions of an autonomous second-order dynamical system. GDP and trade are related to each other by a power law, whose exponent seems to differentiate the six national economies into two types. Under conducive conditions for economic growth, our conclusions have general validity. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 01291831
- Volume :
- 34
- Issue :
- 2
- Database :
- Academic Search Index
- Journal :
- International Journal of Modern Physics C: Computational Physics & Physical Computation
- Publication Type :
- Academic Journal
- Accession number :
- 160902748
- Full Text :
- https://doi.org/10.1142/S0129183123500201