Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/141894
Authors: 
Ruiz Estrada, Mario Arturo
Tahir, Muhammad
Year of Publication: 
2015
Citation: 
[Journal:] Contemporary Economics [ISSN:] 2084-0845 [Publisher:] Vizja Press & IT [Place:] Warsaw [Volume:] 9 [Year:] 2015 [Issue:] 1 [Pages:] 5-16
Abstract: 
This research paper presents four alternative experimental models for monitoring economic failures. These models include the national production function (NP-Function), the multi-level trade creation and trade diversion analytical framework, the mega-economic structures vulnerability analysis (MSV-Analysis), and the mega-economic surface interactive system. The main objective behind the proposed experimental models in economics is to analyze different macroeconomic scenarios in monitoring and warning of possible unexpected economic failure(s) under the use of a new mathematical framework and the application of multidimensional graphs. The proposed alternative experimental models are based on the application of Econographicology. Hence, our models are expected to offer policy-makers and researchers new analytical tools to study the impact and trend of economic failures in the economy of any country from a new perspective. Finally, we suggest the application of three new concepts in the study of economic failures such as Omnia Mobilis (everything is moving), the global structural imbalance principle, and the dynamic imbalance state. Therefore, our findings would certainly help both policy makers and researchers to implement and execute appropriate policies to develop their economies and to protect them from unwanted situations.
Subjects: 
Econographicology
Economic Modeling
Macroeconomic Policy
Economic Teaching
Multi-Dimensional graphs and Multi-Dimensional Physical Spaces
JEL: 
E60
Persistent Identifier of the first edition: 
Document Type: 
Article
Appears in Collections:

Files in This Item:
File
Size
681.42 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.