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El jueves 11 de marzo a las 17 horas tendrá lugar, en modalidad virtual, un Seminario del GIDE tituladoA fractional logistic approach for economic growth. Estará a cargo del Profesor (Ph.D.) Luis Alberto Quezada (Universidad Iberoamericana - México).
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Resumen
It is proposed a discrete logistic model for the Gross Domestic Product of an economy and its parameters are adjusted for some specific countries, from the Organization for Economic Co-operation and Development databases. Although this model fits “adequately” for some countries analyzed in this work, others seem that could be enhanced. A Caputo-like fractional discrete model as a fractional version of the logistic one is presented, with the stated parameters previously. It is shown, by using the mean squared error, that this fractional version fits better for an economy whose behavior shows overtime an isolated and unexpected boom period in its economy growth followed by a crisis period. For this type of dynamics, the fractional-order logistic equation improves the modelling given by an integer order logistic equation.
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