On one criterion for the permanent economy development

Gonchar, N. S.; Dovzhyk, O.P.

doi:10.28933/jme-2019-09-2205

Cited by 5 publications

(4 citation statements)

References 3 publications

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“…This paper continues the papers [1,2] in which we were formulated the principle of the sustainable economic development. The purpose of the paper using the above principle of the sustainable economy development to investigate the closeness of the economy system to the recession state for three European countries.…”

Section: Introductionsupporting

confidence: 58%

On the sustainable economy development of some European Countries

2022

jme

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A new method to investigate the equilibrium state of an economy is proposed. The classification of the equilibrium states is given. The basic principle of equilibrium the economy to its environment is formulated. It is used to obtain the money circulation equation. On this basis the notion of the sustainable economic development is defined. The analysis of the economy of three European contries is given. The principle of adequacy of currency exchange and inflation rates to the determining factors is proposed.

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Section: Introductionsupporting

confidence: 58%

On the sustainable economy development of some European Countries

2022

jme

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“…A description of sustainable economic development at the macroeconomic level is proposed in [2] [3] [4] [5]. In this section, we formulate the principles of sustainable development at the microeconomic level.…”

Section: Conditions Of the Sustainable Economy Developmentmentioning

confidence: 99%

“…The principles of sustainable economic development formulated in this work are a priority and have not been formulated anywhere before at the micro economic level. At the macroeconomic level, they are formulated in works [2]- [5]. As for the algorithms for calculating the entered values, you should refer to the work [6].…”

Section: Introductionmentioning

confidence: 99%

Mathematical Foundations of Sustainable Economy Development

Gonchar¹

2023

APM

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The principles of sustainable economic development are formulated on the basis of the developed concept of description of economic systems. Mathematical algorithms for finding equilibrium states were built and the conditions for complete clearing of the markets were found. The definition of the phenomenon of recession is given and theorems are established that formulate the conditions for the existence of a recession in the economic system. The recession depth parameter is introduced. For the input-output production model, the necessary and sufficient conditions under which the economic system functions in a profitable mode have been established. The conditions for supply vectors of firms for special technological mappings and consumers demand under which complete clearing of markets takes place are found.

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“…In this section, we present the fresh look on the description of recession phenomenon proposed by one of the authors in (Gonchar, 2013;Gonchar, 2019;Gonchar, 2020).…”

Section: Recession Phenomenon Descriptionmentioning

confidence: 99%

International Trade and Global Economy

Gonchar¹,

Dovzhyk²,

Zhokhin³

et al. 2022

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We have elaborated a new method to study international trade based on the theory of economic equilibrium. Here we give developed algorithms to construct equilibrium states. Within the framework of the theory of economic equilibrium, we suggested a mechanism explaining the recession phenomenon by the exchange mechanism breakdown. For this purpose, we introduced the recession level parameter. The paper gives our study of goods exchange nature between countries of the G20. It turned out that in each studied year, the trade between the G20 countries was not in equilibrium. The equilibrium state of trade between the G20 countries was highly degenerated and far from ideal equilibrium. Also, we have calculated the recession level parameter for each equilibrium state and it showed that the international currency was strengthening during 2016-2019.

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On one criterion for the permanent economy development

Cited by 5 publications

References 3 publications

On the sustainable economy development of some European Countries

On the sustainable economy development of some European Countries

Mathematical Foundations of Sustainable Economy Development

International Trade and Global Economy

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