Modeling of the national economies in state-space: A fractional calculus approach

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Fractional calculus in economic growth modelling: the Spanish and Portuguese cases (2015, background): “From a macroeconomic point of view, on the one hand, [15,16] proposed a state space model for national economies involving three variables; a similar idea was used in [17] but considering variable orders.”
Logistic map with memory from economic model (2017, background): “We should note that the fractional calculus and fractional differential equations have a wide application to describe different economic and financial processes with memory and nonlocality [56, 57, 58, 59, 60, 61, 62, 63, 64, 65, 66, 67, 68, 15, 16, 17, 18, 19] in the continuous time approach.”