Allowing for external factors in production-financial models of transition economy
type: Item
instance of: scholarly article
title: Allowing for external factors in production-financial models of transition economy
zbMATH Open document ID: 0879.90067
DOI: 10.1007/BF02366773
author: R. V. Khmil'
author: Mikhail Mikhalevich
author: I. V. Sergienko
author: Ludmilla Koshlai
published in: Cybernetics and Systems Analysis
publication date: 1997-10-20T00:00:00Z
review text: 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.
Mathematics Subject Classification ID: 91B64
zbMATH DE Number: 1076719
zbMATH Keywords: transition economy
zbMATH Keywords: production-financial models
MaRDI profile type: Publication
cites work: Dynamic macromodels of unstable processes in transition to a market economy
cites work: Dynamic pricing macromodels for a transition economy
cites work: Q5558820
full work available at URL: https://doi.org/10.1007/bf02366773
OpenAlex ID: W2017978532
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description: scientific article; zbMATH DE number 1076719