autonomous consumption
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2021 ◽  
pp. 3-20
Author(s):  
O. G. ROGOZHIN

The influence of the macroeconomic factor on the long-term trends of reproduction the population of Ukraine since independence is considered. Based on the author’s concept of “demoeconomic niche” the results of calculation of two options for estimating the “current” (per year) economic potential of population changes in Ukraine on the criteria of conditionally autonomous consumption of population and the actual subsistence level (including necessary payments) were analyzed. The potential for population decline according to the first criterion is considered as a pessimistic (maximum) estimate (–30 million in 2019), according to the second - as an optimistic estimate (–2 million in 2019). The aim of the study was to perform a statistical analysis of the relationship between demographic and economic indicators of population reproduction in Ukraine and their relationship with certain options for assessing the economic potential of population change to determine their greater or lesser relevance to demographic and economic realities. Novelty: the assessment of the economic potential of population change is performed within the economic and demographic methodology developed and maintained by the author (based on the macroeconomic concept of “demoeconomic niche”). Research methods: to study the statistical relationship between indicators used methods of correlation and regression analysis (linear models), as well as a comparative analysis of the results of calculations with the actual dynamics of demographic and economic indicators. Calculations were made by means of PPP STATISTICA 8.0. A statistical analysis of the relationship between demographic and economic indicators and their relationship with the studied options for assessing the economic potential of Ukraine population change was performed to determine compliance with demographic and economic realities. All-time series of indicators (30 and 22 years) subjected to statistical analysis are translated into a single form of annual increments to ensure comparability, as a percentage of the value of the initial year of analysis. The direct linear relationship of GDP changes with the dynamics of the total fertility rate and average life expectancy at birth was recorded, and close feedback - with the dynamics of the migration balance. It is noticed that changes in GDP and the total fertility rate for the whole and rural population have cophase quasi cyclic fluctuations with a 3-4 year lag of reaction delay. It is shown that the assessment of the economic potential of population change by the criterion of conditionally autonomous consumption of population is closely statistically dependent on macroeconomic indicators and economic dynamics. The assessment based on the criterion of the actual subsistence level (including necessary payments) depends more closely on the indicators that directly reflect the well-being of households. It turned out that the adequacy of the assessment based on the criterion of conditionally autonomous consumption of population gradually decreases over time due to the peculiarities of the calculation algorithm, growing inaccuracy can only be neglected at intervals of +/-5 years from the base year. The adequacy of the assessment according to the criterion of the actual subsistence level (including necessary payments) depends on the correspondence to the real cost of life values for each year of the observation period, these values need to be clarified.


2021 ◽  
Vol 8 (2) ◽  
pp. 1--7
Author(s):  
Liana Chernobay ◽  
◽  
Altyn Yessirkepova ◽  
Sviatoslav Malibroda ◽  
◽  
...  

This paper provides a theoretical framework for estimating the labor migration impact on the economy of sending country. The overall emigration impact includes two effects, which can be calculated separately, i.e., a departure effect and a remittances effect. The departure effect causes a negative impact on the economy by decreasing autonomous consumption. The remittances effect causes a positive impact by increasing disposable income and thus internal consumption and savings and imports. Calculations include the multiplier effect. The labor emigration impact on GDP is calculated as a difference between a positive remittances effect and a negative departure effect. The analysis is conducted for countries that are not at full employment.


2019 ◽  
Vol 5 (3) ◽  
pp. 220-235
Author(s):  
I. A. Loukianova ◽  
◽  
M. A. Shkliarova ◽  
S. Yu. Vysotsky ◽  
◽  
...  

The article discusses classical and modern macroeconomic models of interaction of fiscal and monetary policies in Belarus. The hypothesis of this research is that the interaction of fiscal and monetary policies has a synergistic effect on economic growth and that at certain stages, one of these policies prevails over the other. This hypothesis was tested with the help of an IS-LM model, which was used to investigate the joint effects of monetary and fiscal policies on business activity in Belarus. A Markov switching model was developed in Eviews software to analyze the interaction between these policies. Regression dependences of the average tax burden (including the burden imposed by social security contributions) and GDP, investment and the refinancing rate were built by using Excel software. To solve the IS-LM model, the value of autonomous consumption was computed with the help of the adjusted value of the average propensity to consume. It was found that autonomous consumption is comparable with the budget of subsistence minimum in Belarus. The share of government spending in the GDP structure was on average 35.01%. The comparison of gross savings and investment showed that in the majority of periods, gross savings insignificantly exceeded the amount of investment, that is, the available funds were used for consumer lending rather than for investment. Analysis of the Markov switching model has led us to the conclusion that from the first quarter 2005 until the fourth quarter of 2009, the fiscal policy in Belarus was in the active regime. The passive fiscal policy regime was observed in the period between the first quarter of 2010 and the first quarter of 2019. In this period, a rise in the public debt was accompanied by an increase in the budget surplus. In the second quarter of 2019, there was a transition to a more active fiscal policy, which points to the need to intensify tax reforms.


2017 ◽  
Vol 35 (especial) ◽  
Author(s):  
Lídia Brochier ◽  
Antonio Carlos Macedo e Silva

The recent US economic scenario has motivated a series of heterodox papers concerned with household indebtedness and consumption. Though discussing autonomous consumption, most of the theoretical papers rely on private investment-led growth models. An alternative approach is the so-called Sraffian supermultipler model, which treats long-run investment as induced, allowing for the possibility that other final demand components – including consumption – may lead long-run growth. We suggest that the dialogue between these approaches is not only possible but may prove to be quite fruitful.


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