Econometric Analysis of the Structure and Sustainability of Ukraine Socio-Economic System in the Context of the Economic Systems Theory

2018 ◽  
Author(s):  
Viktoriia Dergachova ◽  
Maryna Kravchenko ◽  
Alexander Zgurovsky
Keyword(s):  
Economic System ◽  
Systems Theory ◽  
Econometric Analysis ◽  
Economic Systems

scholarly journals Econometric analysis of the structure and sustainability of Ukraine socio-economic system in the context of the economic systems theory

2017 ◽  
Vol 15 (4) ◽  
pp. 86-99 ◽  
Author(s):  
Victoriia Dergachova ◽  
Maryna Kravchenko ◽  
Alexander Zgurovsky
Keyword(s):  
Economic System ◽  
Systems Theory ◽  
Alternative Hypothesis ◽  
Economic Systems ◽  
Economic Sustainability ◽  
Forming Mechanism ◽  
Macroeconomic Analysis ◽  
Using Data ◽  
Temporal Localization ◽  
Spatiotemporal Localization

The article is devoted to the development of a conceptually new systemic structural approach to the study of sustainability of economic systems. The problem of ensuring sustainability of economic entities remains unsolved, largely due to the lack of the necessary methodology. In the article, the approach is shaped by new economic systems theory, which implies the division of all economic systems into types depending on their spatiotemporal localization. Applied research of socio-economic system of Ukraine in its context is implemented by econometric modeling using data mining techniques and by calculating the economic sustainability index using the author’s techniques. The indicators, announced by the State Statistics Service of Ukraine, as well as the ranking and indexing results, presented by leading international organizations, are used as the parameters. Alternative hypothesis about preconditioning of economic sustainability of the macro-level system by the structural balance of its four subsystems with different spatial and temporal localization is confirmed. The results of modeling have shown a number of interesting, previously not formalized, patterns of the country’s development and have allowed to better understand the forming mechanism of its sustainability in different periods during 2000–2015. Both the methodology itself and the empirical results obtained on its basis open up a wide variety of perspectives of micro and macroeconomic analysis.

The principles of duality in the light of the system economic theory

2019 ◽  
pp. 127-149
Author(s):  
George B. Kleiner
Keyword(s):  
Economic Theory ◽  
Economic System ◽  
External Environment ◽  
Black Box ◽  
Space Time ◽  
Production Cycle ◽  
Economic Systems ◽  
New Approach ◽  
Reproduction Cycle ◽  
Basic Concepts

This paper shows the diversity and significance of relations of duality among different economic systems. The composition of the principles underlying the system economic theory used for the analysis of duality in the economy is investigated. The concept of the economic system is clarified and the equivalence of three basic concepts of the economic system is shown: a) as a space-time volume (“black box”); b) as a complex of elements and connections among them; c) as a tetrad, including object, project, process and environment components. In a new way, the concept of the tetrad is revealed. The actual interpretation of the interrelationships of its components, based on the mechanisms of intersystem circulation of spatial and temporal resources and the transmission of abilities from one economic system to another, is proposed. On the basis of the obtained results, the most essential aspects of duality in the theory of economic systems are considered. It is shown that the interaction of internal content and the nearest external environment of economic systems lies in the nature of the relations of duality. A new approach to modeling the structure and to functioning of the economic system, based on the description of its activities in the form of two interconnected tetrads (the first tetrad reflects the intrasystem production cycle and the second one — the external realization-reproduction cycle) is put forward. It is shown that the concept of duality in a system economy creates prerequisites for adapting the functioning of local economic systems (objects, projects, etc.) in a market, administrative and functional environments and, as a result, harmonizing the economy as a whole.

Synergetic approach to macroeconomic studies

2021 ◽  
Vol 57 (4) ◽  
pp. 17
Author(s):  
Viacheslav Karmalita
Keyword(s):  
Economic System ◽  
Material Object ◽  
Dynamic Factor ◽  
Economic Systems ◽  
Economic Knowledge ◽  
Practical Applications ◽  
Macroeconomic Analysis ◽  
Probabilistic Description ◽  
Engineering Sciences ◽  
Parametric Description

This paper confirms the principal possibility of using synergetics in macroeconomic studies. It noted that the presence in economic systems of all science typologies requires using subjects of natural and engineering sciences for the study of economic objects as well. Ignoring this fact hinders the development of fundamental economic knowledge and, as consequence, conditions the use of metaphysical concepts in developed models. Since the above interdisciplinarity is inherent in synergetics, its applicability in macroeconomics is considered. On the example of modeling economic systems, it is demonstrated that their essence (nonlinear space-time structure) corresponds to the basic provisions of synergetics. Therefore, its tools are eligible in the tasks of macroeconomic analysis. As an example, this paper proposes the stochastic model of economic cycles explaining their phenomenon as well as providing the quantitative (parametric) description of cycles. Novelty of the model describing the cycles as random oscillations is tied to the probabilistic description of the investment function and the perception of the economic system as a material object with certain inherent properties. According to a proposed model, the income oscillations are induced by both exogenous (investment fluctuations) and endogenous (economic system elasticity) causes. The values of fluctuations of the income function around its longterm trend relate to the value of intensity of investment fluctuations as well as the gain (efficiency) of the economic system. The duration of the cycle is related to the inclusive wealth of the system and its dynamic factor, which characterizes the system’s ability to withstand investment fluctuations as well as to eliminate their consequences. Prospects of practical applications of the considered model were demonstrated on the example of cycle management.

scholarly journals COMPARISON OF ISLAMIC ECONOMY AND CONVENTIONAL ECONOMY TO PEOPLE'S INCOME GROWTH IN REDUCING POVERTY AND UNEMPLOYMENT

2020 ◽  
Vol 1 (2) ◽  
pp. 259-274
Author(s):  
Tarmizi Tarmizi
Keyword(s):  
Economic System ◽  
Economic Systems ◽  
Economic Activities ◽  
Capitalist System ◽  
The People ◽  
Socialist Economic ◽  
Islamic Economic ◽  
Islamic Faith ◽  
The Right ◽  
Socialist Economic System

Islamic economic system is built on the foundation of the Islamic faith, the faith in question is the right because it comes from Allah brought to mankind through the prophet Muhammad. The Islamic faith is a faith that satisfies reason, reassures the soul, and is in accordance with human nature. In an individual context, economic activity is based on the values of worship. The economic system known by society globally is the capitalist and socialist economic system. In the economic context, both systems have been able to increase the prosperity of the people in the country that uses both economic systems. The capitalist system is influenced by the zeal to make the most of its profits with limited resources. This capitalist venture is supported by the values of freedom to make ends meet. This freedom resulted in high competition among others in defense, while the socialist economic system had the goal of mutual prosperity. In conclusion, the Islamic economic system is a solution economic system for various problems that have arisen, while the conventional economic system is an economic system that is widely used by various countries in the world, including Indonesia. A conventional economy is an economic system that gives full freedom to everyone to carry out economic activities.

scholarly journals Income distribution in the Colombian economy from an econophysics perspective

2016 ◽  
Vol 35 (69) ◽  
pp. 691-707
Author(s):  
Hernando Quevedo Cubillos ◽  
María N. Quevedo
Keyword(s):  
Income Distribution ◽  
Economic System ◽  
Power Law ◽  
Gibbs Distribution ◽  
Economic Systems ◽  
Second Phase ◽  
Equilibrium Thermodynamic ◽  
Thermodynamic Models ◽  
Density Distributions ◽  
Pareto Distributions

Recently, in econophysics, it has been shown that it is possible to analyze economic systems as equilibrium thermodynamic models. We apply statistical thermodynamics methods to analyze income distribution in the Colombian economic system. Using the data obtained in random polls, we show that income distribution in the Colombian economic system is characterized by two specific phases. The first includes about 90% of the interviewed individuals, and is characterized by an exponential Boltzmann-Gibbs distribution. The second phase, which contains the individuals with the highest incomes, can be described by means of one or two power-law density distributions that are known as Pareto distributions.

scholarly journals Implications of market and political power interactions for growth and the business cycle

2021 ◽  
Author(s):  
Tryphon Kollintzas ◽  
Dimitris Papageorgiou ◽  
Vanghelis Vassilatos
Keyword(s):  
Public Sector ◽  
Political Parties ◽  
Business Cycle ◽  
Economic System ◽  
Market Power ◽  
Political Power ◽  
Economic Systems ◽  
Per Capita Gdp ◽  
Per Capita ◽  
The Business Cycle

In this paper, we develop a two sector DSGE model with market and political power interactions. These interactions are motivated by the politico-economic systems of several South European countries, over the last half century. In these countries the state permits the existence of industries, typically related to the extended public sector, where firms and workers employed therein have market power (insiders), unlike other firms and workers in the economy (outsiders), as insiders, that dominate the major political parties, cooperate to influence government decisions, including those that pertain to the very existence of such a politico-economic system. Consistently with stylized facts of growth and the business cycle of these countries, the model predicts: (i) large negative deviations of per capita GDP from what these countries would have been capable of, if their politico-economic system was not characterized by the above mentioned frictions; and (ii) deeper and longer recessions in response to negative shocks, as their politico-economic system reacts so as to amplify these shocks.

INNOVATIZATION AS A BASIS FOR ENSURING ECONOMIC SYSTEM SECURITY

2020 ◽  
Vol 10 (8) ◽  
pp. 1569-1575
Author(s):  
V.Y. Gusarova ◽  
◽  
G.R. Murtazina ◽  
Keyword(s):  
Economic Development ◽  
Economic System ◽  
Structural Changes ◽  
Decisive Role ◽  
Holistic Approach ◽  
Economic Security ◽  
Economic Systems ◽  
External Threats ◽  
National Economic ◽  
Constituent Elements

In modern conditions, ensuring the security of economic systems is interconnected with the categories “sustainability” and “development”. Sustainability of an economic system reflects the reliability and strength of its constituent elements, the efficiency and inviolability of horizontal and vertical links within the system itself. Development is one of economic security components, since the lack of development significantly reduces the ability to resist and adapt to internal and external threats. The security of the national economic system is considered as the ability to survive and develop steadily in the conditions of turbulence and the influence of hard-to-predict factors. The success of economic development is largely determined by significant structural changes based on innovation. Consequently, dynamic innovative development must have an adequate innovative structure. “Innovatization” as an economic category is a process of accumulation, preservation, use and development of the innovative potential of the economic system’s acting entities. The economic theory of economic systems’ innovatization is one of the demanded economic paradigms of our time for most developed and developing countries of the world, including Russia. This is due to the decisive role of innovations in the development of economic systems and, as a result, this is as a source and one of the criterion indicators of economic security. The authors, using the holistic approach and the method of structural-logical decomposition in the study, revealed the content and forms of innovatization in economic development structures as a basis for ensuring economic security.

Technologies of (in)security: Masculinity and the complexity of neoliberalism

2021 ◽  
pp. 146470012110463
Author(s):  
Steve Garlick
Keyword(s):  
Systems Theory ◽  
Complexity Theory ◽  
Critical Analysis ◽  
Judith Butler ◽  
Economic Systems ◽  
Complex Systems Theory ◽  
William Connolly ◽  
Critical Account ◽  
Men And Masculinities ◽  
Feminist Work

Although there is much feminist work that has examined the intersection of gender and neoliberalism, critical work on men and masculinities remains underdeveloped in this area. This article suggests that complexity theory is a crucial resource for a critical analysis of the ways in which masculinities contribute to the ongoing maintenance of neoliberal socio-economic systems. Critical work on neoliberalism and capitalist economics has recently been drawn to complex systems theory, as evidenced by the work of scholars such as Sylvia Walby, William Connolly and Brian Massumi. Their work produces important insights into neoliberalism, but does not develop a sustained reflection on the place of men and masculinities in this domain. In order to develop a critical account of the relation of masculinity to complexity, the article draws on the work of Judith Butler and Bonnie Mann. It suggests that Butler’s theorising on precariousness contains important resources for understanding how hegemonic masculinities are positioned in relation to the complexity of neoliberal systems, as illustrated in Mann’s concept of ‘sovereign masculinity’. Finally, drawing on two different examples of the enactment of masculinities in neoliberal contexts, the article argues that hegemonic forms of masculinity can be understood as technologies for the amelioration of the complexities and insecurities generated by neoliberal markets.

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