Abstract
This chapter is devoted to one goal – modeling economic dynamics using models of complex variables. The chapter opens with the model of Ivan Svetunkov, which represents a complex-valued analog of the model of short-term forecasting of exponential smoothing (Brown’s model). This model possesses remarkable properties and ushers in a new class of models of short-term economic forecasting. It shows how to use a complex-valued analog of Solow’s model of economic dynamics, and its particular properties are demonstrated. The chapter and book conclude with a section devoted to diagnostics of regional socioeconomic development.
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Notes
- 1.
This work performed under the International grant Russian Foundation for Humanities – The National Academy of Sciences of Ukraine № 10-02-00716/U “Valuation models are uneven and cyclical dynamics of the socio-economic Development of Regions of Ukraine and Russia”.
References
Svetunkov IS (2011) Short-term forecasting of socio-economic processes with the use of model with correction. Bus Inf 1(5):109–112
Svetunkov SG, Butukhanov AV, Svetunkov IS (2006) Zapredelnye sluchai metoda Brauna v ekonomicheskom prognozirovanii. SPbGUEF Publishers, St. Petersburg (in Russian)
Svetunkov SG, Svetunkov IS (2011) Power production functions of complex variables. Econ Math Methods 48:67–79
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Svetunkov, S. (2012). Modeling and Forecasting of Economic Dynamics by Complex-Valued Models. In: Complex-Valued Modeling in Economics and Finance. Springer, New York, NY. https://doi.org/10.1007/978-1-4614-5876-0_9
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DOI: https://doi.org/10.1007/978-1-4614-5876-0_9
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Publisher Name: Springer, New York, NY
Print ISBN: 978-1-4614-5875-3
Online ISBN: 978-1-4614-5876-0
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