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A Normative Balance Dynamic Model of Regional Economy for Study Economic Integrations // Economic integration, competition and cooperation. 6th International Conference . 2007. Opatija - Croatia: University of Rijeka. April 19-20.(CD-Book: Session 6) 15 pp

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Olenev, Nicholas

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Abstract

A simplest multi-sector dynamic model for regional economy is a normative balance mathematical model, but it contains a lot of unspecified parameters which are not defined directly by the data of economic statistics. Only confidence intervals for the unknown parameters can be computed from the statistical data. This work presents a method for estimation of the model parameters by application of parallel computations on multi-processors systems and by some heuristic algorithms. They determine the unknown parameters of economic model by indirect way, comparing time series for macro indexes calculated by model with statistical time series for these indexes. A new wavelet based measure of similarity was used. The use of the method is illustrated by the parameter estimation of a macroeconomic model of Kirov (Vyatka) Region of Russia for 2000-2006. The each production sector shadow money stock grows due to sale of shadow final product to households and as intermediate product to other sectors. Calibrated model is used for estimation of the Regional Government economic politics in particular for politics of regional economic integration.

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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 7823.

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Date of creation: 18 Apr 2007
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Handle: RePEc:pra:mprapa:7823

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Keywords: Dynamic model regional economy economic integration

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Find related papers by JEL classification:
O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
F15 - International Economics - - Trade - - - Economic Integration
C68 - Mathematical and Quantitative Methods - - Mathematical Methods and Programming - - - Computable General Equilibrium Models
O18 - Economic Development, Technological Change, and Growth - - Economic Development - - - Regional, Urban, and Rural Analyses
O17 - Economic Development, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
C52 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Evaluation and Testing

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Clarete, Ramon & Edmonds, Christopher & Wallack, Jessica Seddon, 2003. "Asian regionalism and its effects on trade in the 1980s and 1990s," Journal of Asian Economics, Elsevier, vol. 14(1), pages 91-129, February. [Downloadable!] (restricted)
  2. Schartinger, Doris & Schibany, Andras & Gassler, Helmut, 2001. " Interactive Relations between Universities and Firms: Empirical Evidence for Austria," The Journal of Technology Transfer, Springer, vol. 26(3), pages 255-68, June. [Downloadable!] (restricted)
  3. O G Dayaratna Banda & John Whalley, 2005. "Beyond Goods and Services: Competition Policy, Investment, Mutual Recognition, Movement of Persons, and Broader Cooperation Provisions of Recent FTAs involving ASEAN Countries," NBER Working Papers 11232, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  4. Roberto Fontana & Aldo Geuna & Mireille Matt, 2003. "Firm Size and Openness: the Driving Forces of University-Industry Collaboration," SPRU Electronic Working Paper Series 103, University of Sussex, SPRU - Science and Technology Policy Research. [Downloadable!]
  5. James D. Adams & Eric P. Chiang & Katara Starkey, 2000. "Industry-University Cooperative Research Centers," NBER Working Papers 7843, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  6. Ron Martin & Peter Sunley, 2002. "Deconstructing Clusters: Chaotic Concept or Policy Panacea," ESRC Centre for Business Research - Working Papers wp244, ESRC Centre for Business Research. [Downloadable!]
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  1. Olenev, Nicholas, 2008. "Параллельные Вычисления В Идентификации Динамических Моделей Экономики // Параллельные Вычислительные Техн," MPRA Paper 7561, University Library of Munich, Germany. [Downloadable!]
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