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Fundamental Advantages of the Systematic Structural & Methodological Instruments for Elaboration of Development Strategies

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  • Assen Kovatchev

Abstract

Twelve advantages of the systematic structural approach are outlined as an alternative of the applied structural – indifferent approach for elaboration of development strategies. The presented approach has become a methodological instrument (algorithm) in the form of an iterative procedure. It is applicable only for the open productive systems with compensation feedback. The multiplier effect and the activity of the automatic stabilizers were realized for maintenance of the dynamically changing equilibrium (balance) between the expected results and the required resources.

Suggested Citation

  • Assen Kovatchev, 2010. "Fundamental Advantages of the Systematic Structural & Methodological Instruments for Elaboration of Development Strategies," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 3, pages 37-47.
  • Handle: RePEc:bas:econth:y:2010:i:3:p:37-47
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    JEL classification:

    • C82 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data; Data Access
    • O21 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Planning Models; Planning Policy

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