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Last updated: 27 June 2008
|Category:||Economics, Econometrics and Finance > Economics, Econometrics and Finance (miscellaneous)|
|Dr Mario Arturo Ruiz Estrada|
var authorslist = new Array( [‘625’, ‘Dr Mario Arturo Ruiz Estrada’, ‘University of Malaya’, ‘Malaysia’, ‘http://www.fep.um.edu.my’%5D );
This research paper is interested to propose an alternative Multi-Dimensional (MD) graphical computational system to observe or simulate different macroeconomic scenarios simultaneously in real-time or live. It is called “The Macroeconomic Graphical Sensor System (MGS-System)”. Therefore, the construction of this Multi-Dimensional graphical computational system is based on the application of Econographicology (Ruiz, 2007) and Database analysis.
The basic idea to build the MGS-System is to show a set of Multi-Dimensional graphs, at the same time, these Multi-Dimensional graphs are moving constantly in real-time or live. If some of these Multi-Dimensional graphs show an erratic behavior, then the MGS-System start to alert immediately about possible failure(s) in some or all macroeconomic scenarios in the same graphical space. The failure(s) location depends on the Multi-Dimensional graph position into its physical space coordinate system respectively. If the MGS-System find some or many failure(s) in the Multi-Dimensional graph, then the MGS-System start to take action(s) to search possible solutions (or economic policies) to solve some or many failure(s) simultaneously. These solutions (or economic policies) are originated from a large number of database. To find the possible solutions (or economic policies) to solve some or many failure(s), it is depend on the serial of parameters that we are established in each axis on the Multi-Dimensional physical space coordinate system respectively.Hence, the selection of possible solution(s) (or economic policies) depend on the Multi-dimensional graph position. The final solution(s) is selected according to less risk or less vulnerable economic impact among a large number of possible solutions. Moreover, this research paper has three specific objectives follow by:
The first specific objective in this research paper is the application of a basic form of Database analysis based on the application of a default random process. The default random process will choose the best solution(s) (or economic policy) into a large Database from successful economic models, theoretical frameworks and econometric models and simulations applied on economics. It is based on the parameters are established into each axis in the Multi-Dimensional physical space coordinate system.
The second specific objective is the application of Econographicology, it is offer a new types of graphs under the application of physical spaces are presented: Pyramid Physical Space, Diamond Physical Space, Multi-Dimensional Physical Space, Infinity Physical Space, and Multi-Pictorial Physical Space (Ruiz, 2008). These graphs and Physical Spaces are constructed based on the traditional 3-Dimensional space concept, but they represent 4-D, 5-D, 8-D, 9-D and Infinity-Dimension. The multiple-dimensional representations are to facilitate easy understanding of economic phenomena from a general view.
Finally, this research will to show a flow chat to explain the construction and implementation of the Macroeconomic Graphical Sensor System (MGS-System). The idea to build the MGS-System is to offer an alternative technical tool to policy makers, academics, international institutions to obtain a serial of possible solutions to solve economic problems.
3. THE MGS-SYSTEM THEORETICAL FRAMEWORK
- Ruiz Estrada, M. 2007. “Econographicology”, International Journal of Economic Research ( IJER), Serial Publications, Vol. 4, No.1, pp. 93-104. (Link->)
- Ruiz Estrada, M. 2008. “Econographicology”, E-Monograph, University of Malaya ( UM), Faculty of Economics and Administration (FEA). Layout by CyDesign Co. pp. 1-240. (Link->)