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Simulation indicator of a stagnating economy

Author

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  • Kuznetsov S.B.

Abstract

In recent decades the economies of developed countries were periodically exposed to crises and stagnation. Not only the depression of industrial production affects the development of stagnation, but also the problems in the labor force as well as the issues with creation of human capital. State’s financial and regulatory support are the main tools to overcome stagnation. The aim of this work is to obtain a system of differential equations that describes the change of the update rate of renewable factors of production and productivity in the economy at the approach to the state of stagnation. The papers studies the behavior of factors of production using vector analysis. The author obtained the inequality, which gives the conditions of overcoming the economic stagnation. This inequality shows that the rate of response to the need for investment has more impact on overcoming stagnation than the volume of investments. Production factors are closely interrelated; therefore, overcoming the phenomenon of stagnation in one of the factors does not guarantee the growth of the entire economy.

Suggested Citation

  • Kuznetsov S.B., 2017. "Simulation indicator of a stagnating economy," World of economics and management / Vestnik NSU. Series: Social and Economics Sciences, Socionet, vol. 17(1), pages 5-13.
    • Handle: RePEc:nos:wjflnh:2017_1_01e
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    More about this item

    Keywords

    factors of production; economic stagnation; stagnation equation; stagnation indicator;
    All these keywords.

    JEL classification:

    • E17 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Forecasting and Simulation: Models and Applications
    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
    • O49 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Other
    • P51 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - Comparative Analysis of Economic Systems

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