Mathematical modelling of integration effects using the example of the EAEU

Authors

  • Catherine G. Gospodarik Belarusian State University, 4 Niezaliezhnasci Avenue, Minsk 220030, Belarus; Financial University under the Government of the Russian Federation, 49 Leningradskii Avenue, Moscow 125167, Russia
  • Mikhail M. Kovalev Belarusian State University, 4 Niezaliezhnasci Avenue, Minsk 220030, Belarus

Keywords:

economic integration, efficiency of unification, econometric model, gravitational model of trade, Leontief model, data envelopment model (model DEA), Eurasian Economic Union, European Union, Association of Southeast Asian Nations, composite indices, economic growth

Abstract

The article analyses and develops the mathematical apparatus for measuring the effectiveness of regional and global economic integration. Various models for calculating the effects of integration are considered: models of global integration, models of composite indices for measuring the degree of economic integration in the association, models of the significance of the integration association in the world, interregional integration models based on input – output model (V. V. Leontief), models of collective economic security of the integration association, gravitational models of mutual trade, econometric models of economic growth of countries taking into account integration effects, regression models of the impact of economic integration on GDP growth, models for assessing the impact of integration on the growth of aggregate factor productivity. The author’s system of models for comparative analysis of the dynamics of the speed of integration of countries into a regional association is introduced. A data envelopment model (model DEA) is proposed to measure the comparative evaluation of integration efficiency. Attention is focused on the selection of indicators for assessing the effects for the combined economic systems and assessing the significance of the integration association in the world.

Author Biographies

  • Catherine G. Gospodarik, Belarusian State University, 4 Niezaliezhnasci Avenue, Minsk 220030, Belarus; Financial University under the Government of the Russian Federation, 49 Leningradskii Avenue, Moscow 125167, Russia

    PhD (economics), docent; head of the department of analytical economics and econometrics, faculty of economics, Belarusian State University, and professor at the department of business analysis, Financial University under the Government of the Russian Federation

  • Mikhail M. Kovalev, Belarusian State University, 4 Niezaliezhnasci Avenue, Minsk 220030, Belarus

    doctor of science (physics and mathematics), full professor; professor at the department of analytical economics and econometrics, faculty of economics

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Published

2023-05-28

Issue

No. 1 (2023): Journal of the Belarusian State University. Economics

Section

C. Mathematical and Quantitative Methods

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How to Cite

[1]
Gospodarik, C.G. and Kovalev, M.M. 2023. Mathematical modelling of integration effects using the example of the EAEU. Journal of the Belarusian State University. Economics. 1 (May 2023), 36–50.