What is it about?

1. Proposed and tested an algorithm of parametric identification of macroeconomic models with a large number of estimated parameters. 2. Computable model of general equilibrium for Kazakhstan economic sectors was estimated. 3. Optimal values (in the sense of some criterion) of controlled parameters of economic policies on the base of considered mathematical model were defined.

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Why is it important?

1. There are actual problems of parametric identification of large mathematical models of macroeconomic systems and evaluation problems (based on these models) of optimal values of economic policy instruments. 2. The obtained results can be applied for assessment of optimal values of economic policy tools on the basis of macroeconomic systems description in classes of CGE models.

Perspectives

The obtained results are the demonstration of the efficiency of the theory of parametric control of macroeconomic systems and can be applied for solving actual problems.

Abdykappar Ashimov
Kazakh National Technical University

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This page is a summary of: Parametrical Regulation of Economic Growth Based on Computable General Equilibrium Models, January 2010, the Institution of Engineering and Technology (the IET),
DOI: 10.1049/ic.2010.0262.
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