Application of fractional differential equation in economic growth model: A systematic review approach

<abstract> <p>In this paper we review the applications of fractional differential equation in economic growth models. This includes the theories about linear and nonlinear fractional differential equation, including the Fractional Riccati Differential Equation (FRDE) and its applications in economic growth models with memory effect. The method used in this study is by comparing related literatures and evaluate them comprehensively....