Governing Dynamics in Complex Systems using Big Data Information

Abstract

The paper is presenting different dynamics of an economic complex system, based on certain assumptions made within each of the presented models in the paper. The assumptions used are allowing estimating and forecasting the evolution of the respective complex economic system. This estimation can be made in the “classical” way, which is to say without the use of big data, in which case the results are more prone to errors, or with the use of the recordings of big data, which delivers a much more accurate estimation of the evolution within the complex systems. Throughout the paper the term “with sustainable growth” is used with the meaning of “ecological growth” and it refers to durable economic systems where the environmental issues are taken into consideration, whereas the term “without sustainable growth” or “conventional growth” refers to the economic systems where the environmental issues are not taken into account.