ESTIMATION OF STATE’S ECONOMIC POSITION ON THE EXAMPLE OF NIGERIA
ESTIMATION OF STATE’S ECONOMIC POSITION ON THE EXAMPLE OF NIGERIA
Author(s): Lidia Obojska, Łukasz KiczmaSubject(s): Politics / Political Sciences, History, Economy, Geography, Regional studies, National Economy
Published by: Polskie Towarzystwo Geopolityczne
Keywords: economic position;economic power;Sułek’s model;formal analysis;neural networks;economic rankings;Nigeria
Summary/Abstract: The scope of this manuscript is to propose a method of estimation of state'seconomic position. To evaluate an economic position, we apply formal analysis on Sułek'smodel of economic power, and analyze its factors. We evaluate whether the variablestaken in a formal model are independent or not. In case they are strongly correlated, wesplit them or, if it is not possible, we create new factors which puts together correlatedunits. We apply various methods of predictions of economic power; in particular neuralnetworks which do not require the normal distribution of errors. Finally, we estimate thestate’s economic position on the basis of formal analysis, predictions, and in
Journal: Przegląd Geopolityczny
- Issue Year: 2022
- Issue No: 40
- Page Range: 84-102
- Page Count: 19
- Language: English