Application of discrete dynamic model for the assessment of stability of the world economy development

• Authors: Kilyachkov Anatoly , Chaldaeva Larisa
• Languages of publication: EN

Abstracts

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.

Keywords

EN

Discrete dynamic model; world GDP annual change rate; attractors; Julia set; Mandelbrot set

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Prague Development Center, Czech Republic
• Journal: Business and Economic Horizons
• Year: 2018
• Volume: Volume 14
• Issue: Issue 1
• Pages: 75-84

Dates

published

2018-01-24

Contributors

author

Kilyachkov Anatoly

• Audit Department, Ernst & Young, Russia

author

Chaldaeva Larisa

• Department of Economy of Organizations, Financial University at RF Government, Russia

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