Model of the speculative path of economic development in the conditions of deflation

Authors

  • Boris S. Kalitine Belarusian State University, 4 Niezaliežnasci Avenue, Minsk 220030, Belarus

Keywords:

sales volume, price, deflation, revenue, speculation coefficient

Abstract

The paper examines the possible behaviour of the enterprise management when using the speculative path of economic development. A mathematical model has been built that allows expressing the net revenue of a manufacturer through significant market parameters, which include the price and volume of sales of a product or service, the absolute value of the price elasticity of demand, the deflation coefficient for the period under consideration. Potential possibilities of economic actions in the context of the speculative path of development on the choice of the best option for decision-making have been identified. The research results are illustrated graphically.

Author Biography

  • Boris S. Kalitine, Belarusian State University, 4 Niezaliežnasci Avenue, Minsk 220030, Belarus

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

References

  1. Bogolyubskaya-Sinyakova ES, Kalitine BS. [On the extensive method of production and trade]. In: Kravtsov MK, editor. Ekonomika, modelirovanie, prognozirovanie. Vypusk 11 [Economics, modelling, forecasting. Issue 11]. Minsk: Research Economic Institute of the Ministry of Economics of the Republic of Belarus; 2017. p. 159–167. Russian.
  2. Bogolyubskaya-Sinyakova ES, Kalitine BS. [Analysis and assessment of the features of the innovative way of development of production]. In: Karpitskaya ME, Vitun SE, Li Chon Ku, Tsekhan OB, Fateev VS, Platonenko EI, et al., editors. Problemy sovremennoi ekonomiki: global’nyi, natsional’nyi i regional’nyi kontekst [Problems of the modern economy: global, national and regional context]. Grodno: Yanka Kupala State University of Grodno; 2018. p. 23–34. Russian.
  3. Kalitine BS. Model of the speculative path of economic development. Journal of the Belarusian State University. Economics. 2020;2:18–26. Russian.
  4. Kalitine BS. Matematicheskie modeli pervogo poryadka konkurentnogo rynka [First-order mathematical models of a competitive market]. Minsk: Belarusian State University; 2011. 131 p. Russian.
  5. Kalitine BS. Ravnovesie i effekty ekonomiki rynka [Equilibrium and effects of the market economy]. Saarbrücken: LAP Lambert Academic Publishing; 2016. 185 p. Russian.

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Published

2022-06-01

Issue

No. 1 (2022): Journal of the Belarusian State University. Economy

Section

C. Mathematical and Quantitative Methods

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How to Cite

[1]
Kalitine, .B.S. 2022. Model of the speculative path of economic development in the conditions of deflation. Journal of the Belarusian State University. Economics. 1 (Jun. 2022), 11–18.