Mathematical Model of International Trade and Global Economy
N.S.Gonchar, O.P.Dovzhyk, A.S.Zhokhin, W.H.Kozyrski, A.P.Makhort
TL;DR
This paper develops a mathematical model to analyze international trade and its impact on the global economy, providing a theoretical framework for understanding complex economic interactions.
Contribution
It introduces a novel mathematical approach to model non-equilibrium processes in open economic systems, focusing on international trade dynamics.
Findings
Model captures key trade flow patterns
Predicts effects of policy changes on global economy
Provides insights into economic stability and growth
Abstract
This work was partially supported by the Program of Fundamental Research of the Department of Physics and Astronomy of the National Academy of Sciences of Ukraine "Mathematical models of non equilibrium processes in open systems" N 0120U100857.
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Taxonomy
TopicsBusiness Strategy and Innovation
MethodsNetwork On Network