Algorithm of Estimating Import-Substitution Based on Costs – Output Tables

The article studies problems and prospects of managerial decisions dealing with the process of import-substitution of certain products and puts forward the method of raising its efficiency. This research is based on costs – output tables, as a result of which a special algorithm is designed to estim...

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Autores principales:	N. A. Moiseev, B. A. Akhmadeev
Formato:	article
Lenguaje:	RU
Publicado:	Plekhanov Russian University of Economics 2021
Materias:	inter-sectoral balance investment appraisal optimization task multiplicative effect Economics as a science HB71-74
Acceso en línea:	https://doaj.org/article/d1784d29304d47fd9905026528011be7
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spelling	oai:doaj.org-article:d1784d29304d47fd9905026528011be72021-11-15T05:20:50ZAlgorithm of Estimating Import-Substitution Based on Costs – Output Tables2413-28292587-925110.21686/2413-2829-2021-3-117-129https://doaj.org/article/d1784d29304d47fd9905026528011be72021-05-01T00:00:00Zhttps://vest.rea.ru/jour/article/view/1097https://doaj.org/toc/2413-2829https://doaj.org/toc/2587-9251The article studies problems and prospects of managerial decisions dealing with the process of import-substitution of certain products and puts forward the method of raising its efficiency. This research is based on costs – output tables, as a result of which a special algorithm is designed to estimate the efficiency and accompanying effects for different lines of import-substitution. The authors analyze in what way the process of import-substitution can affect the output of certain industries (both inside the country and for other countries) and how it can change import and export by each industry of each country. By using this algorithm two tests were carried out based on computer modeling, where a proportion of import in a chosen industry of the country was replaced by home production, at first for one type of products and then for another. Results of these tests show a number of predicted values of macro-economic indices as a result of import-substitution of one or another product, whose analysis helps identify the best variant of importing such product, which should be substituted by home produce in order to reach the set criterion of efficiency. The designed algorithm can be used as a support system for decision-making in importsubstitution policy.N. A. MoiseevB. A. AkhmadeevPlekhanov Russian University of Economicsarticleinter-sectoral balanceinvestment appraisaloptimization taskmultiplicative effectEconomics as a scienceHB71-74RUВестник Российского экономического университета имени Г. В. Плеханова, Vol 0, Iss 3, Pp 117-129 (2021)
institution	DOAJ
collection	DOAJ
language	RU
topic	inter-sectoral balance investment appraisal optimization task multiplicative effect Economics as a science HB71-74
spellingShingle	inter-sectoral balance investment appraisal optimization task multiplicative effect Economics as a science HB71-74 N. A. Moiseev B. A. Akhmadeev Algorithm of Estimating Import-Substitution Based on Costs – Output Tables
description	The article studies problems and prospects of managerial decisions dealing with the process of import-substitution of certain products and puts forward the method of raising its efficiency. This research is based on costs – output tables, as a result of which a special algorithm is designed to estimate the efficiency and accompanying effects for different lines of import-substitution. The authors analyze in what way the process of import-substitution can affect the output of certain industries (both inside the country and for other countries) and how it can change import and export by each industry of each country. By using this algorithm two tests were carried out based on computer modeling, where a proportion of import in a chosen industry of the country was replaced by home production, at first for one type of products and then for another. Results of these tests show a number of predicted values of macro-economic indices as a result of import-substitution of one or another product, whose analysis helps identify the best variant of importing such product, which should be substituted by home produce in order to reach the set criterion of efficiency. The designed algorithm can be used as a support system for decision-making in importsubstitution policy.
format	article
author	N. A. Moiseev B. A. Akhmadeev
author_facet	N. A. Moiseev B. A. Akhmadeev
author_sort	N. A. Moiseev
title	Algorithm of Estimating Import-Substitution Based on Costs – Output Tables
title_short	Algorithm of Estimating Import-Substitution Based on Costs – Output Tables
title_full	Algorithm of Estimating Import-Substitution Based on Costs – Output Tables
title_fullStr	Algorithm of Estimating Import-Substitution Based on Costs – Output Tables
title_full_unstemmed	Algorithm of Estimating Import-Substitution Based on Costs – Output Tables
title_sort	algorithm of estimating import-substitution based on costs – output tables
publisher	Plekhanov Russian University of Economics
publishDate	2021
url	https://doaj.org/article/d1784d29304d47fd9905026528011be7
work_keys_str_mv	AT namoiseev algorithmofestimatingimportsubstitutionbasedoncostsoutputtables AT baakhmadeev algorithmofestimatingimportsubstitutionbasedoncostsoutputtables
_version_	1718428645927682048

Algorithm of Estimating Import-Substitution Based on Costs – Output Tables

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