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Identification and Forecast of Generalized Indicators of Regional Economic System Development


  • Ketova, Karolina

    () (Izhevsk State Technical University, Russia)

  • Rusiak, Ivan

    () (Izhevsk State Technical University, Russia)


A mathematical model of regional economic system taking in account both the material and human capital is presented. An algorithm of identification of model unknown parameters on the basis of a genetic algorithm with material coding and the Hook-Zeeves method is constructed. Identification and forecast calculations are done on an example of the Udmurt Republic

Suggested Citation

  • Ketova, Karolina & Rusiak, Ivan, 2009. "Identification and Forecast of Generalized Indicators of Regional Economic System Development," Applied Econometrics, Publishing House "SINERGIA PRESS", vol. 15(3), pages 56-71.
  • Handle: RePEc:ris:apltrx:0037

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    More about this item


    Mathematical model; regional economic system; human capital; Identification of parameters; forecasting;

    JEL classification:

    • C02 - Mathematical and Quantitative Methods - - General - - - Mathematical Economics
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy


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