Abstract

In this paper two major models of the gross-domestic product of four interacting nations are derived. One is an ordinary differential game of pursuit. The other is a hereditary one which utilizes the principle of rational expectations. A theory of interactions via net export is postulated. The UN and IMF data for a group of nations are used to validate it, and test for competition and cooperation MATLAB and MAPLE programs are used. The consequences of cooperation and competition are studied.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.