Large-Scale Econometric Models of National Economies

1991 ◽  
Vol 93 (2) ◽  
pp. 283 ◽  
Author(s):  
Kenneth F. Wallis ◽  
John D. Whitley
2021 ◽  
Vol 255 ◽  
pp. 01048
Author(s):  
Nataliia Savina ◽  
Yevheniia Sribna ◽  
Volodymyr Yemelyanov ◽  
Svitlana Dombrovska ◽  
Dmytro Mishchenko

The purpose of the article is to assess the pace of capital contribution and investment in solar energy in order to increase the energy security of national economies. The study analyzes the development of the global solar industry for years 2009-2019 in the context of investment support. The main stages of development of world solar energy are marked and the priority of countries and regions is determined. Factors of attractiveness of solar energy for private investment are noted, namely the investment climate is formed at the expense of legislative maintenance of this sphere, and in the economic plan at the expense of introduction of the «green» tariff. Two main investment processes in the development of solar energy are noted. First, these are large private companies that implement large-scale projects from solar stations. Secondly, this small private investment to provide electric for households that identified a small city urbanization and climatic conditions. It was found that the solar energy market depends more on capital intensity than on resource intensity. The result of economic calculation is indicated, which allowed to determine the term of reduction of the cost price of 1 kW of photovoltaic power station electricity to the level of NPP production cost for ten years.


Author(s):  
Svetlana P. Glinkina ◽  
Nataliya V. Kulikova

The paper analyzes the premises and impacts of dependent capitalism model formation in Central-East European (CEE) countries, new EU members; the model is based on large-scale inflow of foreign investments and coordination of economic ties by hierarchies of transnational corporations. It is stated that CEE countries’ leaderships run into a neoliberal democracy paradox, i. e. the need to meet citizens’ social demands while exercising ever less control over national economies. The prospects of dependent capitalism model continuance in the region are assessed under new post-crisis trends in world economy, in particular, in view of reduction of transborder capital flows and decelerating international trade growth.The sources of economic growth operationalized in CEE countries in order to evolve from long-running stagnation they found themselves in after the world financial crisis, are researched. It is proved that reliance on growing domestic consumption accompanied by weaker export orientation of the economy leads to CEE countries losing their important comparative advantages. The higher-than-anticipated growth of wages compared to labour productivity growth, depletion of reserves in utilization of labour resources cause deterioration of regional economy competitiveness.Special attention is paid to analyze the premises of spreading of economic nationalism ideology in the region. Exemplified by Hungary, years long leader among CEE countries in foreign capital inflow, tools are demonstrated which are applied in the framework of economic policy aimed to restore state control over market economy; an attempt is made to evaluate the effectiveness of this policy. The conclusion is drawn that – contrary to liberal dogmata dominating in economic theory – making use of tools of economic nationalism can be rather efficient even under conditions of small size post-socialist countries of Europe.


Author(s):  
A. Kuznetsov

In 2000, Russia took the 27th place in the world ranking in terms of annual volume of outgoing FDI. In 2008, Russia joined the top 10. However, due to the ongoing structural adjustment of the world economy in the near future the Russian exporters of raw materials and semi-processed goods should not expect an equally favorable market situation that had provided the financial base for large-scale investment abroad. There is a global FDI trend towards a gradual shift in favor of the sectors of high-tech industries and dynamically progressing services’ sphere. At the same time, the leading TNCs continue to determine the competitiveness of national economies and to exert a significant impact on the current configuration of the international division of labor, transforming the global value chains. In this regard, it is important that external investment of the Russian corporations contribute to modernization of the domestic economy and do not constitute just a form of capital flight from the country. The article identifies reasons why some industries of the Russian economy have deployed a massive overseas expansion while others have failed to realize the potential of FDI.


2021 ◽  
pp. 03-33
Author(s):  
Sergey Gennadievich Kapkanshchikov

Based on the theory of the cyclical nature of capitalist reproduction in its various (including modern) variations, the author of the article defends the thesis that the pandemic of the new coronavirus was not the root cause of the crisis in the world economy in 2020, but only a factor of its approach in time. Excessive, in the spirit of modern radical liberalism, marketization (commercialization) of country health systems and the desire of a number of nation states to use a large-scale epidemic as a powerful bioengineering weapon are classified as the most significant direct determinants of the global coronacrisis. The mechanism of the influence of the coronavirus epidemic on the state of the world economy is revealed. An attempt is made to compare the coronavirus crisis and the global financial and economic crisis of 2008–2009 with an assessment of the change in the balance of forces between the leading powers in the course of the deployment of these crises. As a «visiting card», the specifics of the current global crisis is characterized by a negative combination of supply shock and demand shock, which radically complicates the construction of an adequate system of anti-crisis regulation of the world and national economies. The place of coronacrisis shocks in the mechanism of the deepening of the Russian autonomous recession is revealed. The effectiveness of the anti-crisis activities of the Government and the Bank of Russia is constructively and critically assessed.


1990 ◽  
Vol 26 (2) ◽  
pp. 143-159 ◽  
Author(s):  
G. A. Watson

SUMMARYExamples are presented of tropical tree commodity plantation crops, tea, coffee, rubber and oil palm, as models for farm system development. They are environmentally benign in comparison with annual food crops, have been organized on a large scale with smallholder participation, and make significant contributions to local and national economies. It is suggested that lessons learned in their development might be used in the large-scale development of other potentially major tree crops, including timber, fruit and nut producing species.


Economica ◽  
1983 ◽  
Vol 50 (198) ◽  
pp. 215
Author(s):  
Paul Ormerod ◽  
J. Kmenta ◽  
J. B. Ramsey

1992 ◽  
Vol 5 (3) ◽  
pp. 271-281 ◽  
Author(s):  
Carlo Bianchi ◽  
Giuseppe Bruno ◽  
Andrea Cividini

Author(s):  
Piotr Korneta ◽  
Katarzyna Rostek

The rapid, unexpected, and large-scale expansion of the SARS-CoV-19 pandemic has led to a global health and economy crisis. However, although the crisis itself is a worldwide phenomenon, there have been considerable differences between respective countries in terms of SARS-CoV-19 morbidities and fatalities as well as the GDP impact. The object of this paper was to study the influence of the SARS-CoV-19 pandemic on global gross domestic product. We analyzed data relating to 176 countries in the 11-month period from February 2020 to December 2020. We employed SARS-CoV-19 morbidity and fatality rates reported by different countries as proxies for the development of the pandemic. The analysis employed in our study was based on moving median and quartiles, Kendall tau-b coefficients, and multi-segment piecewise-linear approximation with Theil–Sen trend lines. In the study, we empirically confirmed and measured the negative impact of the SARS-CoV-19 pandemic on the respective national economies. The relationship between the pandemic and the economy is not uniform and depends on the extent of the pandemic’s development. The more intense the pandemic, the more adaptive the economies of specific countries become.


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