The article attempts to work out the relevant methodology that will allow an integrated approach to find solutions to current economic challenges, given the fact that the national economy is a complex multicomponent system. It is emphasized that mathematical methods and models are widely used as effective tools to handle a range of problems in various areas of research and, in particular, in economic studies. However, despite the availability of numerous research endeavors, the issues of modelling the relationships between national economic development and regulatory policy have not been sufficiently studied. The purpose of this study is to build a three-dimensional matrix of regulatory change management in the frameworks of the national economic development. The methodological research background relies on modelling of regulatory policy effects on national economic development by using economic mathematical methods and models. A three-dimensional matrix of managing change in regulatory policy has been proposed which is based on the assessment of the current state of regulatory policy and modelling of the relationships between national economic development and regulatory policy with regard to the obtained values of the aggregate development index calculated by sectors of the national economy, generalized index of the regulatory policy in industries and the indicator of the regulatory policy effects on development, the zoning of which allows to distribute its impact sector by sector along with identifying the nature and the priority areas for further regulatory actions to be applied to a particular industry or sector of the economy. The three-dimensional matrix zoning has been performed according to certain parameters: vertical zoning (zones of passive and active changes), transverse horizontal zoning (zone of fixation and transformation) and horizontal longitudinal zoning (zones adjustment and protection). It is argued that economic mathematical modelling is an important tool in managing business processes. Modelling is used to build reliability models with reference to aggregated development indices by sectors of the national economy and the generalized indices of regulatory policy, and identify specific regulatory policy changes needed to enhance the national economic development.
Multinationals and Economic Growth in East Asia: Foreign Direct Investment, Corporate Strategies and National Economic Development
- Edited by Shujiro Urata, Chia Siow Yue, and Fukunari Kimura
