Analysis of world economic variables using multidimensional scaling

J. A Tenreiro Machado, Maria Eugénia Mata

Research output: Contribution to journalArticle

12 Citations (Scopus)

Abstract

Waves of globalization reflect the historical technical progress and modern economic growth. The dynamics of this process are here approached using the multidimensional scaling (MDS) methodology to analyze the evolution of GDP per capita, international trade openness, life expectancy, and education tertiary enrollment in 14 countries. MDS provides the appropriate theoretical concepts and the exact mathematical tools to describe the joint evolution of these indicators of economic growth, globalization, welfare and human development of the world economy from 1977 up to 2012. The polarization dance of countries enlightens the convergence paths, potential warfare and present-day rivalries in the global geopolitical scene.

Original languageEnglish
Article numbere0121277
Number of pages17
JournalPlosOne
Volume10
Issue number3
DOIs
Publication statusPublished - 26 Mar 2015

Keywords

  • GROWTH
  • COUNTRIES

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