Measuring the Equilibrium Sustainability and Efficiency of the Economic Development
AbstractA different systematic structural algorithm is applied, which was developed theoretically and enclosed to this study, instead of the inert extrapolation approach “mutatis mutandis”, which is applied in management theory and practice. This algorithm has mathematical and empirical evidences and rapid balancing coherence. It provides for a systematic involvement and targeting the restructuring of industry & distribution in the economic development (including price updates). The parameters of the balance equilibrium of economic decisions are also measured in general and in specific components – in direct and total costs and in economic productivity. The decisions are optimized by boosting the value added in the economic development. The sustainability of this evolution is entirely in the n-dimentional positive space (n is the number of components in the system).
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Bibliographic InfoArticle provided by Bulgarian Academy of Sciences - Economic Research Institute in its journal Economic Thought.
Volume (Year): (2011)
Issue (Month): 3 ()
Find related papers by JEL classification:
- O10 - Economic Development, Technological Change, and Growth - - Economic Development - - - General
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
- E27 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Forecasting and Simulation: Models and Applications
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