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Analyses of Economic Development Based on Different Factors

Goran Maksimović, Srđan Jović (), David Jovović and Marina Jovović
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Goran Maksimović: University of Priština, Faculty of Agriculture
Srđan Jović: University of Priština, Faculty of Technical Sciences
David Jovović: University of Priština, Faculty of Agriculture
Marina Jovović: Business School of Applied Studies in Blace

Computational Economics, 2019, vol. 53, issue 3, 1103-1109

Abstract: Abstract Economic development process is very sensitive since many factors can influence the development. These factors could be natural, social or technological. In this article economic development was analyzed based on four factors: final consumption expenditure of general government, gross fixed capita formation, fertility rate and agriculture, forestry and fishing value. Artificial neutral network with fuzzy logic inference was used as tool for determination of the factors’ influence on economic development. The economic development was presented as gross domestic product.

Keywords: Economic development; Artificial neutral network; Gross domestic product (search for similar items in EconPapers)
Date: 2019
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Handle: RePEc:kap:compec:v:53:y:2019:i:3:d:10.1007_s10614-017-9786-1