Open Access Journal Article

Temporal Dynamics of Countries' Journey to Cluster-Specific GDP per Capita: A Comprehensive Survival Study

by Diego Vallarino a,*
a
Independent Researcher, Madrid, Spain
*
Author to whom correspondence should be addressed.
REA  2024, 23; 3(1), 23; https://doi.org/10.58567/rea03010001
Received: 2 January 2024 / Accepted: 6 February 2024 / Published Online: 19 February 2024
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Abstract

This research delves into the temporal dynamics of a nation's pursuit of a targeted GDP per capita level, employing five different survival machine learning models, remarkably Deep Learning algorithm (DeepSurv) and Survival Random Forest. This nuanced perspective moves beyond static evaluations, providing a comprehensive understanding of the developmental processes shaping economic trajectories over time. The economic implications underscore the intricate balance required between calculated risk-taking and strategic vulnerability mitigation. These findings guide policymakers in formulating resilient economic strategies for sustained development and growth amid the complexities inherent in contemporary economic landscapes.

Keywords: Temporal dynamics; Survival analysis; Machine learning models; Economic development; Calculated risk-taking; Vulnerability mitigation; Developmental processes; Resilient economic strategies;
Copyright: © 2024 by Vallarino. This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY) (Creative Commons Attribution 4.0 International License). The use, distribution or reproduction in other forums is permitted, provided the original author(s) or licensor are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.

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ACS Style
Vallarino, D. Temporal Dynamics of Countries' Journey to Cluster-Specific GDP per Capita: A Comprehensive Survival Study. Review of Economic Assessment, 2024, 3, 23. https://doi.org/10.58567/rea03010001
AMA Style
Vallarino D. Temporal Dynamics of Countries' Journey to Cluster-Specific GDP per Capita: A Comprehensive Survival Study. Review of Economic Assessment; 2024, 3(1):23. https://doi.org/10.58567/rea03010001
Chicago/Turabian Style
Vallarino, Diego 2024. "Temporal Dynamics of Countries' Journey to Cluster-Specific GDP per Capita: A Comprehensive Survival Study" Review of Economic Assessment 3, no.1:23. https://doi.org/10.58567/rea03010001
APA style
Vallarino, D. (2024). Temporal Dynamics of Countries' Journey to Cluster-Specific GDP per Capita: A Comprehensive Survival Study. Review of Economic Assessment, 3(1), 23. https://doi.org/10.58567/rea03010001

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