Dynamic intersectoral models with power-law memory

被引:27
|
作者
Tarasova, Valentina V. [1 ]
Tarasov, Vasily E. [2 ]
机构
[1] Moscow MV Lomonosov State Univ, Business Sch, Moscow 119991, Russia
[2] Moscow MV Lomonosov State Univ, Skobeltsyn Inst Nucl Phys, Moscow 119991, Russia
关键词
MSC; Macroeconomics; Intersectoral model; Fading memory; Power-law memory; Fractional derivative; Leontief model; Input-output model; 26A33; 34A08; FRACTIONAL LANGEVIN MODEL; CALCULUS; ECONOMICS; MARKETS; FINANCE;
D O I
10.1016/j.cnsns.2017.05.015
中图分类号
O29 [应用数学];
学科分类号
070104 ;
摘要
Intersectoral dynamic models with power-law memory are proposed. The equations of open and closed intersectoral models, in which the memory effects are described by the Caputo derivatives of non-integer orders, are derived. We suggest solutions of these equations, which have the form of linear combinations of the Mittag-Leffler functions and which are characterized by different effective growth rates. Examples of intersectoral dynamics with power-law memory are suggested for two sectoral cases. We formulate two principles of intersectoral dynamics with memory: the principle of changing of technological growth rates and the principle of domination change. It has been shown that in the input-output economic dynamics the effects of fading memory can change the economic growth rate and dominant behavior of economic sectors. (C) 2017 Elsevier B.V. All rights reserved.
引用
收藏
页码:100 / 117
页数:18
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