Research Article

Conformable Derivative Approach to Gross Domestic Product Model with Real Data of World Bank

Volume: 7 Number: 1 June 28, 2020
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Conformable Derivative Approach to Gross Domestic Product Model with Real Data of World Bank

Abstract

In this study, we consider gross domestic product (GDP) model within conformable derivative. In view of real data from the Republic of Korea, the European Union and the United States of America taken from World Bank [20] between 1960-2018 by simulations and error analysis, we obtain an analytical solution of the conformable GDP model and compare the findings with the integer order GDP model.

Keywords

References

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  2. Abdeljawad, T. On conformable fractional calculus, Journal of Computational and Applied Mathematics, vol. 279, pp. 57-66, 2015.
  3. Atangana, A., Baleanu, D., & Alsaedi, A. (2015). New properties of conformable derivative. Open Mathematics, 13(1).
  4. Katugampola, U.N., A New Fractional Derivative with Classical Properties, arXiv:1410.6535v2., 2014.
  5. Anderson, D. R., Ulness, D. J. (2015). Newly defined conformable derivatives. Adv. Dyn. Syst. Appl, 10(2), 109-137.
  6. World Bank: World Development Indicators. https://databank.worldbank.orgreports.aspx?source=2&country=&series=NY.GDP.PCAP.CD&period=#. Accessed 14 October 2019.
  7. Bas, E., Acay, B., Ozarslan, R. (2019). The price adjustment equation with different types of conformable derivatives in market equilibrium. AIMS Mathematics, 4(3), 805.
  8. Yusuf, A., Aliyu, A. I., & Baleanu, D. (2018). Soliton solutions and stability analysis for some conformable nonlinear partial differential equations in mathematical physics. Optical and Quantum Electronics, 50(4), 190.

Details

Primary Language

English

Subjects

-

Journal Section

Research Article

Publication Date

June 28, 2020

Submission Date

October 31, 2019

Acceptance Date

April 13, 2020

Published in Issue

Year 2020 Volume: 7 Number: 1

APA
Ozarslan, R. (2020). Conformable Derivative Approach to Gross Domestic Product Model with Real Data of World Bank. Bilecik Şeyh Edebali Üniversitesi Fen Bilimleri Dergisi, 7(1), 1-9. https://doi.org/10.35193/bseufbd.640361
AMA
1.Ozarslan R. Conformable Derivative Approach to Gross Domestic Product Model with Real Data of World Bank. Bilecik Şeyh Edebali Üniversitesi Fen Bilimleri Dergisi. 2020;7(1):1-9. doi:10.35193/bseufbd.640361
Chicago
Ozarslan, Ramazan. 2020. “Conformable Derivative Approach to Gross Domestic Product Model With Real Data of World Bank”. Bilecik Şeyh Edebali Üniversitesi Fen Bilimleri Dergisi 7 (1): 1-9. https://doi.org/10.35193/bseufbd.640361.
EndNote
Ozarslan R (June 1, 2020) Conformable Derivative Approach to Gross Domestic Product Model with Real Data of World Bank. Bilecik Şeyh Edebali Üniversitesi Fen Bilimleri Dergisi 7 1 1–9.
IEEE
[1]R. Ozarslan, “Conformable Derivative Approach to Gross Domestic Product Model with Real Data of World Bank”, Bilecik Şeyh Edebali Üniversitesi Fen Bilimleri Dergisi, vol. 7, no. 1, pp. 1–9, June 2020, doi: 10.35193/bseufbd.640361.
ISNAD
Ozarslan, Ramazan. “Conformable Derivative Approach to Gross Domestic Product Model With Real Data of World Bank”. Bilecik Şeyh Edebali Üniversitesi Fen Bilimleri Dergisi 7/1 (June 1, 2020): 1-9. https://doi.org/10.35193/bseufbd.640361.
JAMA
1.Ozarslan R. Conformable Derivative Approach to Gross Domestic Product Model with Real Data of World Bank. Bilecik Şeyh Edebali Üniversitesi Fen Bilimleri Dergisi. 2020;7:1–9.
MLA
Ozarslan, Ramazan. “Conformable Derivative Approach to Gross Domestic Product Model With Real Data of World Bank”. Bilecik Şeyh Edebali Üniversitesi Fen Bilimleri Dergisi, vol. 7, no. 1, June 2020, pp. 1-9, doi:10.35193/bseufbd.640361.
Vancouver
1.Ramazan Ozarslan. Conformable Derivative Approach to Gross Domestic Product Model with Real Data of World Bank. Bilecik Şeyh Edebali Üniversitesi Fen Bilimleri Dergisi. 2020 Jun. 1;7(1):1-9. doi:10.35193/bseufbd.640361

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