Multidimensional Scaling Analysis of the Dynamics of a Country Economy
Joint Authors
Mata, Maria Eugénia
Tenreiro Machado, José António
Source
Issue
Vol. 2013, Issue 2013 (31 Dec. 2013), pp.1-15, 15 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2013-10-31
Country of Publication
Egypt
No. of Pages
15
Main Subjects
Medicine
Information Technology and Computer Science
Abstract EN
This paper analyzes the Portuguese short-run business cycles over the last 150 years and presents the multidimensional scaling (MDS) for visualizing the results.
The analytical and numerical assessment of this long-run perspective reveals periods with close connections between the macroeconomic variables related to government accounts equilibrium, balance of payments equilibrium, and economic growth.
The MDS method is adopted for a quantitative statistical analysis.
In this way, similarity clusters of several historical periods emerge in the MDS maps, namely, in identifying similarities and dissimilarities that identify periods of prosperity and crises, growth, and stagnation.
Such features are major aspects of collective national achievement, to which can be associated the impact of international problems such as the World Wars, the Great Depression, or the current global financial crisis, as well as national events in the context of broad political blueprints for the Portuguese society in the rising globalization process.
American Psychological Association (APA)
Tenreiro Machado, José António& Mata, Maria Eugénia. 2013. Multidimensional Scaling Analysis of the Dynamics of a Country Economy. The Scientific World Journal،Vol. 2013, no. 2013, pp.1-15.
https://search.emarefa.net/detail/BIM-1033087
Modern Language Association (MLA)
Tenreiro Machado, José António& Mata, Maria Eugénia. Multidimensional Scaling Analysis of the Dynamics of a Country Economy. The Scientific World Journal No. 2013 (2013), pp.1-15.
https://search.emarefa.net/detail/BIM-1033087
American Medical Association (AMA)
Tenreiro Machado, José António& Mata, Maria Eugénia. Multidimensional Scaling Analysis of the Dynamics of a Country Economy. The Scientific World Journal. 2013. Vol. 2013, no. 2013, pp.1-15.
https://search.emarefa.net/detail/BIM-1033087
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1033087