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Using Multilevel Modeling Techniques For Social And Economic Monitoring

Author

Listed:
  • Stanislav Dubykivskyi

    (Institute of Social and Economic Development, Kyiv)

  • Sergiy Holub

    (Institute of Social and Economic Development, Kyiv)

Abstract

This paper studies the experience of applying the existing methods of modeling in the field of economic monitoring. The method of Group Method of Data Handling (GMDH) is suggested as an alternative for economic modeling. The research calculates and builds inductive models describing gross domestic productivity (GDP) using economic indices that are characteristic of the countries with developed information economies. The resulting models are then clustered by similar features. The obtained results are briefly analyzed.

Suggested Citation

  • Stanislav Dubykivskyi & Sergiy Holub, 2016. "Using Multilevel Modeling Techniques For Social And Economic Monitoring," CBU International Conference Proceedings, ISE Research Institute, vol. 4(0), pages 106-109, September.
  • Handle: RePEc:aad:iseicj:v:4:y:2016:i:0:p:106-109
    DOI: 10.12955/cbup.v4.750
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    File URL: https://ojs.journals.cz/index.php/CBUIC/article/view/750/842
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    More about this item

    Keywords

    multilevel modelinginformation economy; GMDH; economic monitoring; model of development;
    All these keywords.

    JEL classification:

    • C00 - Mathematical and Quantitative Methods - - General - - - General
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • F5 - International Economics - - International Relations, National Security, and International Political Economy

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