Using grey Lotka-Volterra model to analyze the relationship between the gross domestic products and the foreign direct investment of Ningbo city

Author

Lifeng Wu ; Sifeng Liu

Author_Institution

Coll. of Econ. & Manage., Nanjing Univ. of Aeronaut. & Astronaut., Nanjing, China

fYear

2013

fDate

15-17 Nov. 2013

Firstpage

265

Lastpage

268

Abstract

The relationship between the economic growth and foreign direct investment (FDI) has been the concern of the researchers. The grey Lotka-Volterra model is employed to analyze the relationship between the gross domestic products (GDP) and FDI in Ningbo from 1999 to 2007. The discrete Lotka-Volterra model is applied to predict the GDP and the FDI in Ningbo respectively. The results demonstrate that there is mutually beneficial relationship between the GDP and the FDI in Ningbo in the long run, and the FDI of current year restricts economic development.

Keywords

economic indicators; grey systems; investment; FDI; GDP; Gross Domestic Products; Ningbo City; economic development; economic growth; foreign direct investment; grey Lotka-Volterra model; Data models; Economic indicators; Investment; Mathematical model; Predator prey systems; Predictive models; Foreign Direct Investment; GDP; Lotka-Volterra Model; predator-prey system; win-win situation system;

fLanguage

English

Publisher

ieee

Conference_Titel

Grey Systems and Intelligent Services, 2013 IEEE International Conference on

Conference_Location

Macao

ISSN

2166-9430

Print_ISBN

978-1-4673-5247-5

Type

conf

DOI

10.1109/GSIS.2013.6714796

Filename

6714796