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Special Features of the World System Long-Term Economic Dynamics: Analysis of the Statistical Data

Igor Kirilyuk, Sergey Malkov and Artemy Malkov

Applied Econometrics, 2009, vol. 16, issue 4, 34-45

Abstract: On the basis of available data analysis of the world economy development in the industrial era is carried out. The countries are grouped according to their economic dynamics. A model describing countries co-evolutional eco-nomic development processes in the framework of the world system is proposed. A conclusion is made about inevitabil-ity of «phase transition» in the world economic dynamics

Keywords: Macroeconomic dynamics; mathematical simulation; nonlinear regression; co-evolution; hyperbolic growth (search for similar items in EconPapers)
JEL-codes: C60 C82 O10 (search for similar items in EconPapers)
Date: 2009
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