Parametric Control of Economic Growth of a National Economy Based on Computable Models of General Equilibrium

2011 ◽  
pp. 163-247
Author(s):  
Abdykappar A. Ashimov ◽  
Bahyt T. Sultanov ◽  
Zheksenbek M. Adilov ◽  
Yuriy V. Borovskiy ◽  
Dmitriy A. Novikov ◽  
...  
Keyword(s):  
Economic Growth ◽  
General Equilibrium ◽  
National Economy ◽  
Parametric Control

Macroeconomic Analysis and Parametric Control of Economic Growth of a National Economy Based on Computable Models of General Equilibrium

2012 ◽  
pp. 157-271
Author(s):  
Abdykappar A. Ashimov ◽  
Bahyt T. Sultanov ◽  
Zheksenbek M. Adilov ◽  
Yuriy V. Borovskiy ◽  
Dmitriy A. Novikov ◽  
...  
Keyword(s):  
Economic Growth ◽  
General Equilibrium ◽  
National Economy ◽  
Parametric Control ◽  
Macroeconomic Analysis

Analysis of tax-spend nexus for Russian regional budgets

2020 ◽  
pp. 5-29
Author(s):  
Evsey T. Gurvich ◽  
Natalia A. Krasnopeeva
Keyword(s):  
Economic Growth ◽  
Fiscal Policy ◽  
Causal Relationship ◽  
National Economy ◽  
Federal Budget ◽  
Fiscal Rules ◽  
Fiscal Discipline ◽  
Federal Level ◽  
Regional Budgets ◽  
Econometric Technique

We study the tax-spend nexus for Russian regional budgets. Causal relationship running from taxing to spending is found, thus supporting the concept “tax and spend” suggested by M. Friedman. Next, elasticity of expenditure by revenue is estimated for a panel of 80 regional budgets basing on data for 2000—2017. Estimates are in the range of 0.72 to 0.78 (depending on the econometric technique), which exceeds elasticity for the federal budget more than twice. This evidences that fiscal policy at the sub-federal (as distinct from the federal) level has clear pro-cyclical nature. Besides, the largest sensitivity of expenditure to revenue shocks is found for the item “national economy”, implying marked adverse implications for economic growth. We suggest to mitigate this effect by modifying fiscal rules for sub-federal budgets. They are currently aimed primarily at enhancing fiscal discipline, with less emphasis on countercyclical policy, insulating economy from fiscal shocks.

What Did The Study of The Soviet Economy Contribute to Mainstream Economics?

2010 ◽  
pp. 39-55
Author(s):  
M. Ellman
Keyword(s):  
Economic Growth ◽  
Property Rights ◽  
General Equilibrium ◽  
Informal Sector ◽  
Institutional Economics ◽  
Soviet Economy ◽  
General Equilibrium Theory ◽  
Mainstream Economics ◽  
Universal Applicability ◽  
Soviet Experience

This article is an overview of the contribution made by economic Sovietology to mainstream economics. The long debate about the universal applicability of mainstream economics is reconsidered in the light of the Soviet experience. Information is provided on the contribution of the study of the Soviet economy to fields as diverse as the measurement of economic growth, institutional economics, economic administration, the economics of property rights, the economics of the informal sector, the economics of famines, the Austrian critique of general equilibrium theory, and incentives.

Central Otago - Built on gold, growing on grass.

2014 ◽  
Vol 76 ◽  
pp. 15-23
Author(s):  
Barrie J. Wills
Keyword(s):  
Economic Growth ◽  
Land Use ◽  
National Economy ◽  
Local Community ◽  
Central Government ◽  
Future Generations ◽  
Economic Potential ◽  
District Council ◽  
Definition Of

A warm welcome to our "World of Difference" to all delegates attending this conference - we hope your stay is enjoyable and that you will leave Central Otago with an enhanced appreciation of the diversity of land use and the resilient and growing economic potential that this region has to offer. Without regional wellbeing the national economy will struggle to grow, something Central Government finally seems to be realising, and the Central Otago District Council Long Term Plan 2012-2022 (LTP) signals the importance of establishing a productive economy for the local community which will aid in the economic growth of the district and seeks to create a thriving economy that will be attractive to business and residents alike. Two key principles that underpin the LTP are sustainability and affordability, with the definition of sustainability being "… development that meets the needs of the present without compromising the ability of future generations to meet their own needs."

The Developmental Trading State

2017 ◽  
Author(s):  
Alex J. Bellamy
Keyword(s):  
Economic Growth ◽  
East Asia ◽  
National Economy ◽  
East Asian ◽  
The State ◽  
State Model ◽  
Principal Function ◽  
Mass Violence ◽  
The Way

This chapter demonstrates that the downwards pressure that state consolidation placed on mass violence was amplified by the type of state that emerged. Across East Asia, governments came to define themselves as “developmental” or “trading” states whose principal purpose was to grow the national economy and thereby improve the economic wellbeing of their citizens. Governments with different ideologies came to embrace economic growth and growing the prosperity of their populations as the principal function of the state and its core source of legitimacy. Despite some significant glitches along the way the adoption of the developmental trading state model has proven successful. Not only have East Asian governments succeeded in lifting hundreds of millions of people out of poverty, the practices and policy orientations dictated by this model helped shift governments and societies away from belligerent practices towards postures that prioritized peace and stability. This reinforced the trend towards greater peacefulness.

Biotechnology Law in The Socialist Republic of Vietnam

2005 ◽  
Vol 2 (3) ◽  
Author(s):  
Sarah E. Hilmer
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
National Economy ◽  
Agricultural Production ◽  
Economic Liberalization ◽  
Structural Reforms ◽  
Socialist Republic ◽  
Communist State ◽  
Science Technology ◽  
The People

IntroductionThe communist state of Vietnam with its currently 64 provinces (tinh) and 5 municipalities (thu do), experienced little economic growth over the last two decades. This was a result of the more conservative leadership policies in the country. However, since 2001 Vietnamese authorities have committed to economic liberalization, whereby structural reforms were enacted, as well as the economy was modernized and the country produced more competitive, export-driven industries.With a population of approximately 82,689,518, over 70 % of the people are involved in agricultural production, such as paddy rice, corn, potatoes, rubber, soybeans, coffee, tea, bananas, sugar; pigs, and fish. Other active development of the country, besides agriculture, is considered to be industry with its imports and exports. The growth rate of the national economy is estimated of 7.2 % on average, and investments for science, technology and environmental protection can be seen as the major reasons of economic growth.

Measuring the Impact of Tourism on Economic Growth

2007 ◽  
Vol 13 (3) ◽  
pp. 379-388 ◽  
Author(s):  
Stanislav Ivanov ◽  
Craig Webster
Keyword(s):  
Economic Growth ◽  
General Equilibrium ◽  
Computable General Equilibrium ◽  
Gdp Per Capita ◽  
Equilibrium Models ◽  
Computable General Equilibrium Models ◽  
Real Gdp ◽  
Real Gdp Per Capita ◽  
Per Capita ◽  
The Impact

This paper presents a methodology for measuring the contribution of tourism to an economy's growth, which is tested with data for Cyprus, Greece and Spain. The authors use the growth of real GDP per capita as a measure of economic growth and disaggregate it into economic growth generated by tourism and economic growth generated by other industries. The methodology is compared with other existing methodologies; namely, Tourism Satellite Account, Computable General Equilibrium models and econometric modelling of economic growth.

scholarly journals ANALYSIS OF TRENDS IN THE DEVELOPMENT OF THE NATIONAL ECONOMY BY REGIONAL SIGN TAKING INTO ACCOUNT THE ECOLOGICAL COMPONENT

2020 ◽  
Vol 1 (1) ◽  
pp. 50-54
Author(s):  
Kostiantyn Shaposhnykov ◽  
Yuriy Pavelko
Keyword(s):  
Economic Growth ◽  
National Economy ◽  
Growth Rates ◽  
Population Decline ◽  
Environmental Damage ◽  
Gdp Growth ◽  
Mathematical Methods ◽  
Constant Attention ◽  
Protection Measures ◽  
Environmental Component

The purpose of this work is to study the development of the national economy in recent years taking into account the environmental component. It is proved that providing conditions for long-term economic growth is the primary task of macroeconomy of any country. Unstable development of the national economy in recent decades accompanied by prolonged crises, as well as a slow path of reforming all spheres of life on the way to building a democratic society with a developed market economy cause constant attention of domestic scientists to this direction. Methodology. The results of environmental protection measures are classified, based on the practical use of modern economic and mathematical methods and models. Results. It is proved that when using these methods, the results of law enforcement measures can be divided into the following groups: in the conditions of positive rates of economic development, the volumes of atmospheric emissions of pollutants and carbon dioxide had a negative dynamics. This scenario of environmental and economic efficiency is the most desirable; positive growth rates of fresh water use are inferior to GDP growth rates, the rates of waste generation and water abstraction exceed the dynamics of GDP growth. This scenario is the least acceptable, as not only environmental damage is increasing in absolute terms, but environmental performance is also deteriorating. Practical implications. The period of 2015–2018 was chosen for research as it was characterized by the resumption of gradual economic growth in most sectors of the economy after the deep crisis of 2014. The available data of the State Statistics Service of Ukraine for 2019 has not currently contained complete information on volumes anthropogenic impact. The leaders of regional development in terms of GRP growth in 2015–2018 were Volyn (+ 5.72%), Kyiv (+ 5.66%) and Zhytomyr (+ 5.00%) regions. In contrast, the most depressed regions with negative economic growth rates were Donetsk (-1.86%), Luhansk (-0.84%) and Poltava (-0.51%) regions. In the latter region, the rate of population decline exceeded the increase in labor productivity, resulting in a decrease in performance. Value/originality of the work is the analysis of trends in the national economy taking into account the environmental component, which in contrast to the existing comes from modern experience of practical use of economic and mathematical methods, which allows to develop recommendations based on quantitative estimates.

scholarly journals Ways of intensification of economic growth and activation of investment activities in order to ensure the economic security of the Russian Federation

2021 ◽  
Vol 284 ◽  
pp. 07015
Author(s):  
Lyudmila Kopteva ◽  
Irina Romanova ◽  
Angela Mottaeva
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Russian Federation ◽  
National Economy ◽  
New Technologies ◽  
Economic Security ◽  
National Accounts ◽  
Investment Activity ◽  
System Of National Accounts ◽  
The Russian Federation

Macroeconomic dynamics is in the focus of attention of the scientific community due to the fact that it characterizes the key trends in the development of the national economy. The basic indicator in the system of national accounts is the gross domestic product (GDP), which in general form is the aggregate value of all goods and services produced within the national economy. GDP is widely used in the analysis of economic growth trends. Economic growth, creating conditions for it – the most important goal of economic development, both within the framework of ensuring the economic security of the entire national economy and at the level of an individual enterprise. Nowadays, economic development is characterized by an accelerated rate of scientific and technological progress: new technologies and approaches are being created that have higher efficiency. From a microeconomic point of view, the main factors of production are labor, capital and information. Fixed capital investments (buildings, structures, machinery and equipment) are a key instrument for renewing fixed assets. Investment activity is the process of renewing the capital of an enterprise as a result of modernizing its technical and technological base, which ensures its economic security. Investments, along with government spending, are key drivers of economic growth. As a result, we can confidently assert the high importance of investment activities, both throughout the country and at the level of individual economic entities, as well as their economic independence. The paper shows the ways to intensify economic growth and intensify investment activities in order to ensure the economic security of the Russian Federation.

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