The influence of linear feedback control suppression under the calculation of fractional financial system on the upgrading of high-tech industries

The paper uses the panel smooth conversion fractional-order system model to divide the mechanism of financial development in high-tech industries into two systems. At the same time, the article uses a continuous state to connect these two extreme situations to investigate the nonlinear characteristi...

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Autores principales: Xiaoguang Luo, Jiaying Feng, Steven Formaneck
Formato: article
Lenguaje:EN
Publicado: AIMS Press 2021
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Acceso en línea:https://doaj.org/article/6267ce6c7c1d480db3303522c9a199eb
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Sumario:The paper uses the panel smooth conversion fractional-order system model to divide the mechanism of financial development in high-tech industries into two systems. At the same time, the article uses a continuous state to connect these two extreme situations to investigate the nonlinear characteristics of linear feedback control that inhibit the impact of financial development on high-tech industries. Studies have shown that financial development under a low system has a significant role in promoting high-tech industries. On the other hand, financial development under the high-level system has a restraining effect on high-tech industries. There are dual-threshold characteristics between the scale of financial development and the development of high-tech industries. Firstly, the scale of financial development should be controlled within [0.553, 0.840]. Secondly, there is a single threshold between the level of financial development and the development of high-tech industries, and the level of financial development should be controlled within 0.756.