Allowing for external factors in production-financial models of transition economy (Q1369620): Difference between revisions
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Latest revision as of 11:31, 30 July 2024
scientific article
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English | Allowing for external factors in production-financial models of transition economy |
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Allowing for external factors in production-financial models of transition economy (English)
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20 October 1997
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In previous articles we have developed a set of mathematical-economic models describing the specific features of a transition economy, such as the presence of different organizational forms, different forms of ownership and production, and instability of prices and consumer demand. In addition to commodity flows, which are typically expressed in stable (constant or conventional) prices, these models also consider the main financial flows (payments made by producers and consumers for supplies, payments to the stage budget, bank deposits, etc.), which essentially depend on actual (current) prices. We call these models of the transition economy production-financial models. This article presents a further development of interindustry dynamic production -- financial models intended for the analysis of structural interindustry commodity flows and the dynamics of aggregated financial variables, with special emphasis on predicting the ability to meet the main revenue items in the state budget. Despite some differences in focus and degree of aggregation, all these models are based on a single flow scheme.
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transition economy
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production-financial models
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