Integral evaluation of macrodynamic processes: synthetic index of economic, social, institutional, and ecological development

Prodanova, L.V. and Проданова, Л. В. (2015) Integral evaluation of macrodynamic processes: synthetic index of economic, social, institutional, and ecological development. Вісник Донецького університету економіки і торгівлі імені Михайла Туган-Барановського (1(62)). pp. 63-72. ISSN 2079-4819

Preview

Text Prodanova_article_05_01_2015.pdf Download (638kB) | Preview

Abstract

To develop a method for determining the synthetic indicator of the national economy state and the processes of macroeconomic dynamics. Methods. The theory of human capital and the concept of sustainable development are the methodological basis of integral evaluation of macrodynamic processes. A critical analysis of the methods of calculating the integral measurers of macrodynamic processes is carried out. A comparative analysis of the characteristics of the methodology of integral indices of human development, economic freedom, competitiveness, and human ecological footprint is conducted. They are suggested to be used as sub-indices to calculate the generalizing synthetic index of economic, social, institutional and ecological development. Results. A method for determining the synthetic indicator is developed, which is based on a complex evaluation of the parameters of the national economy and the processes of macroeconomic dynamics; it assumes a weighted selection of a particular group of indicators that reflect the nature and trends of dynamic processes, their qualitative and quantitative characteristics, integrity, and most general pattern of indicators of progress; compliance with the objective needs of their effective use. Scientific novelty. The methodology of evaluation of macroeconomic dynamics is proposed, in particular, the method of determining the synthetic indicator, by which it is possible to measure the parameters of the national economy and to diagnose macroeconomic processes as a whole, taking into account the economic, social, institutional and ecological components. Practical significance. By using the synthetic indicator it becomes possible to set priorities and to justify the national development programs, taking into account not only economic, but also social, institutional and ecological components.

Actions (login required)

View Item