Analysis of World Economic Variables Using Multidimensional Scaling Technique

来源 :The 5th International Conference on Nonlinear Science and Co | 被引量 : 0次 | 上传用户:zhegeyonghukeyi
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  The modeling of world economy evolution and the analysis of its dynamics poses problems of defining the proper concepts and mathematical tools for an assertive study.This paper applies multidimensional scaling(MDS)methodology to the evolution of GDP per capita,international trade openness,life expectancy,and education tertiary enrollment,as indicators of human development for 19 countries.Results prove to be less optimistic than Neoclassical convergence projections based on the use of resources and decreasing marginal rates of return,but cannot reject some ideas,regarding a global geopolitical turnover by 2040.
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