Multidimensional Scaling Analysis of the Dynamics of a Country Economy
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 vari...
Saved in:
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Wiley
2013-01-01
|
| Series: | The Scientific World Journal |
| Online Access: | http://dx.doi.org/10.1155/2013/594587 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1832568314793033728 |
|---|---|
| author | J. A. Tenreiro Machado Maria Eugénia Mata |
| author_facet | J. A. Tenreiro Machado Maria Eugénia Mata |
| author_sort | J. A. Tenreiro Machado |
| collection | DOAJ |
| description | 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. |
| format | Article |
| id | doaj-art-c7c1341b72cd48c680919dd344f03363 |
| institution | Kabale University |
| issn | 1537-744X |
| language | English |
| publishDate | 2013-01-01 |
| publisher | Wiley |
| record_format | Article |
| series | The Scientific World Journal |
| spelling | doaj-art-c7c1341b72cd48c680919dd344f033632025-02-03T00:59:24ZengWileyThe Scientific World Journal1537-744X2013-01-01201310.1155/2013/594587594587Multidimensional Scaling Analysis of the Dynamics of a Country EconomyJ. A. Tenreiro Machado0Maria Eugénia Mata1Department of Electrical Engineering, Institute of Engineering, Polytechnic of Porto, Rua Dr. António Bernardino de Almeida 431, 4200-072 Porto, PortugalNova SBE, Faculdade de Economia, Universidade Nova de Lisboa, Campus de Campolide, Travessa Estevão Pinto, 1099-032 Lisbon, PortugalThis 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.http://dx.doi.org/10.1155/2013/594587 |
| spellingShingle | J. A. Tenreiro Machado Maria Eugénia Mata Multidimensional Scaling Analysis of the Dynamics of a Country Economy The Scientific World Journal |
| title | Multidimensional Scaling Analysis of the Dynamics of a Country Economy |
| title_full | Multidimensional Scaling Analysis of the Dynamics of a Country Economy |
| title_fullStr | Multidimensional Scaling Analysis of the Dynamics of a Country Economy |
| title_full_unstemmed | Multidimensional Scaling Analysis of the Dynamics of a Country Economy |
| title_short | Multidimensional Scaling Analysis of the Dynamics of a Country Economy |
| title_sort | multidimensional scaling analysis of the dynamics of a country economy |
| url | http://dx.doi.org/10.1155/2013/594587 |
| work_keys_str_mv | AT jatenreiromachado multidimensionalscalinganalysisofthedynamicsofacountryeconomy AT mariaeugeniamata multidimensionalscalinganalysisofthedynamicsofacountryeconomy |