Analysis of world economic variables using multidimensional scaling

J. A Tenreiro Machado; Maria Eugénia Mata

doi:10.1371/journal.pone.0121277

Analysis of world economic variables using multidimensional scaling

J. A Tenreiro Machado, Maria Eugénia Mata

NOVA School of Business and Economics (NOVA SBE)

Research output: Contribution to journal › Article › peer-review

17 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 language	English
Article number	e0121277
Number of pages	17
Journal	PLoS ONE
Volume	10
Issue number	3
DOIs	https://doi.org/10.1371/journal.pone.0121277
Publication status	Published - 26 Mar 2015

Keywords

GROWTH
COUNTRIES

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1371/journal.pone.0121277Licence: CC BY

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Analysis of world economic variables using multidimensional scaling

Abstract

Keywords

UN SDGs

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