Parametric Control of the Diversification of Economic Growth by Stimulating Certain Industries

2017

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DOI 10.2991/iceemr-17.2017.11
Data confidence 70 medium
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Abstract

The dynamic multi-country computable general equilibrium model was developed in the GAMS environment for the following regions: the Republic of Kazakhstan, the Russian Federation, the Republic of Belarus, the Republic of Armenia, the Kyrgyz Republic, the European Union (as one country), the USA, the People's Republic of China, the rest of the world (as one country), the Globe region by binding with the formed sets of social accounting matrices (SAM), and the recovered values of the elasticity of substitution coefficients of the corresponding production functions.The conditions for transferring the results of computational experiments on the basis of the model to the subject area were evaluated.The effectiveness of economic growth diversification was shown on the example of the Republic of Kazakhstan through stimulating certain economic sectors based on solving extreme problem of economic growth by the parametric control approach.