WorldSystem(0-2000)

   Notes The first six indicators in  standard scores  are taken from the  World Development Indicators  (WDI). KOF =  KOF Index of Globalization , EF =  Ecological Footprint , HDI =  Human Development Index .  State Space Model Estimation The Measurement Matrix for the  state space models  was constructed using  Principal Components Analysis  with  standardized  data from the  World Development Indicators . The statistical analysis was conducted in an extension of the  dse package . The package is currently supported by an online portal ( here ) and can be downloaded, with the R-programming language, for any personal computer  here .  Code for the state space  Dynamic Component models (DCMs)  is available on my Google drive ( here ) and referenced in each post. Atlanta Fed Economy Now My approach to forecasting is similar to the  EconomyNow model used by the Atlanta F...

  This blog documents and discusses World-System state space models for the period (0-2000) using data from the Maddison database  (for more detailed information, see the Boiler Plate ). Constructing models covering such a long period of time brings up many issues: (1) Theory supporting the models, (2) Periodization, (3) data availability and comparability across time, (4) handling missing data (see the   Boiler Plate  for more information) and (5) a long list of miscellaneous problems.   Theory The theories that support this project are World-Systems Theory , General Systems Theory,   Impact Models  to include the Kaya Identity , Cybernetics to include Control Theory , Unified Growth Theory , Balanced Growth Theory , State Space Theory , and  Stability Theory . The purpose of invoking all these theories is to link my results with the work of the Intergovernmental Panel on Climate Change (IPCC) . All the models are estimated statistic...