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The Problem of Modeling of Economic Dynamics

2009/04/05 by S. I. Chernyshov, A. V. Voronin, Chernyshov, S. I. +4
Economics, Econometrics and Finance · Social Sciences · #Economic and Technological Developments in Russia #FOS: Economics and business #General Finance (q-fin.GN) #q-fin.GN

paper · pdf · doi:10.48550/arxiv.0904.0756

openalex publication_date 2009/04/05 · arxiv created 2009/11/30 · arxiv updated 2009/12/08 · openalex created_date 2025/10/10 · openalex updated_date 2026/07/28

Abstract

The correctness of Harrods model in the differential form is studied. The inadequacy of exponential growth of economy is shown; an alternative result is obtained. By example of Phillips model, an approach to correction of macroeconomic models (in terms of initial prerequisites) is generalized. A methodology based on balance relations for modelling of economic dynamics, including obtaining forecast estimates, is developed. The problems thus considered are reduced to the solution of Volterra and Fredholm integral equations of the second kind.

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