Problemi Ekonomiki (Sep 2017)
The Multi-Budget Matrix of Financial Flows as a Tool for Investigation and Regulation of Reproduction Processes in the National Economy
Abstract
There considered a system of interrelated budgets of institutional sectors to provide a comprehensive study of the processes of formation of their incomes and incomes of the national economy within the relations “value added — sector savings”. This allows to systematically improve the financial and economic state of institutional sectors and means of fiscal policy to stimulate the production of the final product in sectors and branches of the economy. The main purpose of the proposed balance model is to study the features of the current economic equilibrium and support the qualitative parameters of the reproduction of the national economy and its institutional sectors by influencing the system of commodity and financial flows, capital flows, and thus the formation of the desired macroeconomic proportions of the gross and net revenues generated. Comparison of the real and nominal GDP, the structure of GDP and NDP, conditions of external economic equilibrium, and other parameters of economic dynamics make it possible to coordinate management of the processes of reproduction of the national economy with the current stage of the economic cycle, and consequently, identify and update the existing potentials or provide conditions for their formation. For further specialized research, the model can be aggregated or disaggregated. The methodology and standards of national accounts, open data of national accounts of Ukraine served as the basis for the formation of the system of balances.
