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Fractional models for analysis of economic risks

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Abstract

In this review paper we try to describe some recent results on modeling and analysis of economic risks by using the techniques of fractional calculus. The use of fractional order operators in the risk theory is due to the presence of long and short memory in most of economic models and their nonlocality over time. We emphasize on the use and interpretation of the Dzherbashian-Caputo fractional derivative in the discussed matters.

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Acknowledgements

The research by the authors is partially supported by the State Program of the Scientific Investigations “Convergence-2025”, grant 1.7.01.4.

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  1. Department of Economics, Belarusian State University, Nezavisimosti ave 4, 220030, Minsk, Belarus

    Sergei Rogosin & Maria Karpiyenya

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  1. Sergei Rogosin
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Rogosin, S., Karpiyenya, M. Fractional models for analysis of economic risks. Fract Calc Appl Anal 26, 2602–2617 (2023). https://doi.org/10.1007/s13540-023-00202-y

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