An Introduction to The Hybrid Economics Models

250 Pages Posted: 6 Feb 2020

See all articles by Mario Arturo Ruiz Estrada

Mario Arturo Ruiz Estrada

Universidad de San Carlos de Guatemala; Center of Latin American Studies (CLAS) - University of Malaya; University of Malaya (UM) - Social Security Research Centre (SSRC)

Donghyun Park

Asian Development Bank - Economic Research

Evangelos Koutronas

West Virginia University - Department of Mathematics

Alam Khan

KUST

Mohammad Tahir

COMSATS Institute of Information Technology

Minsoo Lee

Asian Development Bank

S. I. Cohen

Erasmus University Rotterdam (EUR) - Department of Economics; University of Dubai

Marcin Staniewski

University of Economics and Human Sciences in Warsaw

Shyamala Nagaraj

University of Malaya (UM) - Faculty of Economics & Administration (FEA)

Vgr Govindaraju

University of Malaya (UM) - Department of Development Studies

Peter Moug

University of Nottingham - School of Politics, History, and International Relations

Su-Fei Yap

University of Malaya - FEA

Rashid Ating

University of Malaya (UM) - Social Wellbeing Research Center (SWRC)

Date Written: December 18, 2019

Abstract

The rationale of hybrid economic models revolves around the efficacy of multidimensional mathematical modeling and graphs as the most effective tools to understand any economic problem from a multidimensional view. The main motivation behind the creation of hybrid economic models is to evaluate multidimensional mathematical modeling and graphs evolved so far in economics and to develop new types of multidimensional models and graphs to facilitate the study of socio-economic problems, as well as finance and business. In doing so, the mission of hybrid economic models is to offer academics, researchers and policy makers an alternative multidimensional mathematical modeling and graphical modeling approach for the research and teaching-learning process of economics, finance, and business. Hence, this alternative multidimensional mathematical modeling and graphical modeling approach offers a set of models to build different types of multidimensional mathematical economic modeling and graphs to study and solve any socio-economic problem.

Keywords: Economic Modeling, Hybrid Economic Models, Policy Modeling

JEL Classification: A1, A10

Suggested Citation

Ruiz Estrada, Mario Arturo and Park, Donghyun and Koutronas, Evangelos and Khan, Alam and Tahir, Mohammad and Lee, Minsoo and Cohen, Solomon I. and Staniewski, Marcin and Nagaraj, Shyamala and Govindaraju, Vgr and Moug, Peter and Yap, Su-Fei and Ating, Rashid, An Introduction to The Hybrid Economics Models (December 18, 2019). Available at SSRN: https://ssrn.com/abstract=3505892 or http://dx.doi.org/10.2139/ssrn.3505892

Mario Arturo Ruiz Estrada (Contact Author)

Universidad de San Carlos de Guatemala ( email )

Ciudad Universitaria Zona 12
Guatemala, Guatemala city
Guatemala
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HOME PAGE: http://www.usac.edu.gt

Center of Latin American Studies (CLAS) - University of Malaya ( email )

R&D Wisma
Kuala Lumpur, 50603
Malaysia
+60126850293 (Phone)

HOME PAGE: http://ssrc.um.edu.my/

University of Malaya (UM) - Social Security Research Centre (SSRC) ( email )

Malaysia

Donghyun Park

Asian Development Bank - Economic Research ( email )

6 ADB Avenue, Mandaluyong City 1550
Metro Manila
Philippines

Evangelos Koutronas

West Virginia University - Department of Mathematics ( email )

PO Box 6201
Morgantown, WV 26506
United States

Alam Khan

KUST ( email )

Department of Economics Kohat University of Scienc
Kohat, Khyber Pakhtunkhwa 26000
Pakistan

Mohammad Tahir

COMSATS Institute of Information Technology ( email )

Park Road
Chak Shahzad

Minsoo Lee

Asian Development Bank ( email )

6 ADB Avenue, Mandaluyong City 1550
Metro Manila
Philippines

Solomon I. Cohen

Erasmus University Rotterdam (EUR) - Department of Economics ( email )

P.O. Box 1738
Rotterdam, 3000 DR
Netherlands

University of Dubai ( email )

AL MAKTOOM STREET
Dubai, 14143
United Arab Emirates

Marcin Staniewski

University of Economics and Human Sciences in Warsaw ( email )

Okopowa 59
Warsaw, 01-030
Poland
+48225365473 (Phone)

Shyamala Nagaraj

University of Malaya (UM) - Faculty of Economics & Administration (FEA) ( email )

Jalan Lembah Pantai
Kuala Lumpur, Wilayah Persekutuan 50603
Malaysia
+603 - 7967 3643 (Phone)

Vgr Govindaraju

University of Malaya (UM) - Department of Development Studies ( email )

Kuala Lumpur, Wilayah Persekutuan 50603
Malaysia

Peter Moug

University of Nottingham - School of Politics, History, and International Relations ( email )

Malaysia

Su-Fei Yap

University of Malaya - FEA ( email )

Kuala Lumpur, Wilayah Persekutuan 50603
University of Malaya (UM)
50603 Kuala Lumpur
Malaysia
60 17 342 0171 (Phone)

Rashid Ating

University of Malaya (UM) - Social Wellbeing Research Center (SWRC) ( email )

Malaysia

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