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Issue No.04 - July/August (2006 vol.8)
pp: 81-87
Ricardo M. Ruiz , Federal University of Minas Gerais
Leonardo C. Ribeiro , Federal University of Minas Gerais
Am?rico T. Bernardes , Federal University of Ouro Preto
Physicists are increasingly interested in studying the behavior of financial markets; likewise, researchers have applied statistical physics tools to study economic development in--and interactions among--various countries. We recently introduced a model that creates an artificial world economy of countries, each of which has a population with scientific and technological capabilities. The model's main goal is to probe the underlying mechanisms responsible for the interactions among science, technology, and development. So far, it has shown a strong correlation between economic development and scientific and technological production.
economics, physics, simulations, financial markets, development
Ricardo M. Ruiz, Leonardo C. Ribeiro, Am?rico T. Bernardes, "Science in the Developing World: Running Twice as Fast?", Computing in Science & Engineering, vol.8, no. 4, pp. 81-87, July/August 2006, doi:10.1109/MCSE.2006.75
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