New theory derived from classical physics predicts how economies respond to major disturbances
https://www.sciencedaily.com/releases/2019/04/190415105010.htm
The new method adds to current economic models in several ways.
"First, we can determine the resilience of an economy," says Peter Klimek, first author of the paper. Each country has different industries, and depends on various imports and exports. "We see all these interdependencies in newly available data sets. From these data we can calculate how susceptible a country and its different production sectors are to disturbances."
