Macroeconomic Analysis and Parametric Control of a Regional Economic Union

Abdykappar A. Ashimov, Yuriy V. Borovskiy, Bakyt T. Sultanov, et al.

Springer International Publishing 

Sozialwissenschaften, Recht, Wirtschaft / Volkswirtschaft

Beschreibung

This book is a further development of the theory of parametric control. It includes: numerical methods of testing (verification) of software implementation of mathematical models by assessing the stability of mappings defined by the model; sufficient conditions for the existence of the solutions of some types of problems of dynamic optimization; the existence of continuous dependence of optimal values of criteria on exogenous functions and parameters; and the existence of points of bifurcation of extremals of such problems. It demonstrates that this theory offers a constructive methodology for middle-term forecasting, macroeconomic analysis and estimation of optimal values of economic characteristics on the basis of advanced global mathematical models, namely Computable General Equilibrium (CGE) Model, Dynamic Stochastic General Equilibrium (DSGE) Model, and Hybrid Econometric model. In addition, it includes conditions for the applicability of the computational experiments’ results, into practice.

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