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

Author(s):  
Abdykappar A. Ashimov ◽  
Bahyt T. Sultanov ◽  
Zheksenbek M. Adilov ◽  
Yuriy V. Borovskiy ◽  
Dmitriy A. Novikov ◽  
...  
Author(s):  
Abdykappar A. Ashimov ◽  
Bahyt T. Sultanov ◽  
Zheksenbek M. Adilov ◽  
Yuriy V. Borovskiy ◽  
Dmitriy A. Novikov ◽  
...  

Author(s):  
Abdykappar A. Ashimov ◽  
Bahyt T. Sultanov ◽  
Zheksenbek M. Adilov ◽  
Yuriy V. Borovskiy ◽  
Dmitriy A. Novikov ◽  
...  

Author(s):  
Abdykappar A. Ashimov ◽  
Bahyt T. Sultanov ◽  
Zheksenbek M. Adilov ◽  
Yuriy V. Borovskiy ◽  
Dmitriy A. Novikov ◽  
...  

2020 ◽  
pp. 5-29
Author(s):  
Evsey T. Gurvich ◽  
Natalia A. Krasnopeeva

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.


2010 ◽  
pp. 39-55
Author(s):  
M. Ellman

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.


2014 ◽  
Vol 76 ◽  
pp. 15-23
Author(s):  
Barrie J. Wills

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."


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