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Methods of Macroeconomic Equilibrium Forming Based on the Hicks-Hansen Model

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Ubiquitous Computing and the Internet of Things: Prerequisites for the Development of ICT

Part of the book series: Studies in Computational Intelligence ((SCI,volume 826))

Abstract

The methodological approach to domain-specific decomposition of the IS-LM macroeconomic model and to determination of macroeconomic equilibrium parameters, adapted to the conditions of Russia and implemented using econometric tools, has been developed and approved. The possibility of macroeconomic transformations monitoring based on the model in the intervals of 2011–2015 and 2011–2016 is revealed.

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Notes

  1. 1.

    We have to use the concept of “gross domestic product” instead of “gross national product”, as prescribed by the theory, due to the lack of data on it in domestic statistics. These values are correlated, which allows such a replacement for modeling purposes.

  2. 2.

    As mentioned above, describing the method we use the theoretical concept of the GNP, turning to the practice—the GDP, due to the peculiarities of domestic statistics.

References

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Acknowledgements

The article was supported by the Russian Foundation for Basic Research as part of project No. 16-06-00054, The Instrumental and Methodological Approach to Adapting the Triple Helix Model to Russia in Line with Historical Retrospect.

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Correspondence to Elena A. Pakhomova .

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Pakhomova, E.A., Pakhomov, A.V., Shchegolev, A.V., Rozhkova, O.V. (2019). Methods of Macroeconomic Equilibrium Forming Based on the Hicks-Hansen Model. In: Popkova, E. (eds) Ubiquitous Computing and the Internet of Things: Prerequisites for the Development of ICT. Studies in Computational Intelligence, vol 826. Springer, Cham. https://doi.org/10.1007/978-3-030-13397-9_56

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