Applying Fractional Calculus to Analyze Economic Growth Modelling

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 soft...

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Bibliographic Details
Main Authors: Luo D., Wang J. R., Fečkan M.
Format: Article
Language:English
Published: Sciendo 2018-05-01
Series:Journal of Applied Mathematics, Statistics and Informatics
Subjects:
Online Access:http://www.degruyter.com/view/j/jamsi.2018.14.issue-1/jamsi-2018-0003/jamsi-2018-0003.xml?format=INT