Modeling of national economic system of Belarus and the direction of its transformation

Authors

  • Aleksei I. Korotkevich Belarusian State University, Niezaliežnasci Avenue, 4, 220030, Minsk, Belarus
  • Boris V. Lapko Belarusian State University, Niezaliežnasci Avenue, 4, 220030, Minsk, Belarus
  • Dina V. Shparun Belarusian State University, Niezaliežnasci Avenue, 4, 220030, Minsk, Belarus

Keywords:

simulation of the national economy, input-output model, the cost of labour, group classes, the total cost of resources, forecasting and planning of the economy

Abstract

In the article is developed a model of national economic system of the Republic of Belarus, using as a model production function Leontiev modified by the authors. Input-output model modification carried out with the aim of creating a toolkit to identify and plan the total cost not only the resources supplied by normal economic activities, but also manpower supplied by households. Resources are considered labour force depending on the occupations. The proposed model allows plan total cost of any of the resources on any kind of final product. The algorithm allows you to build a model of the national economic system on the basis of existing reporting input-output model and statistical data on the labour force and wages.

Author Biographies

  • Aleksei I. Korotkevich, Belarusian State University, Niezaliežnasci Avenue, 4, 220030, Minsk, Belarus

    PhD (economics), docent; head of the department of banking economics, faculty of economics

  • Boris V. Lapko, Belarusian State University, Niezaliežnasci Avenue, 4, 220030, Minsk, Belarus

    PhD (physics and mathematics), docent; associate professor at the department of banking economics, faculty of economics

  • Dina V. Shparun, Belarusian State University, Niezaliežnasci Avenue, 4, 220030, Minsk, Belarus

    postgraduate student at the department of banking economics, faculty of economics

References

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Published

2018-10-27

Issue

No. 1 (2017): Journal of the Belarusian State University. Economics

Section

P. Economic Systems

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How to Cite

[1]
Korotkevich, A.I. et al. 2018. Modeling of national economic system of Belarus and the direction of its transformation. Journal of the Belarusian State University. Economics. 1 (Oct. 2018), 126–135.