Identification and Forecast of Generalized Indicators of Regional Economic System Development

Karolina Ketova () and Ivan Rusiak ()
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Karolina Ketova: Izhevsk State Technical University, Russia
Ivan Rusiak: Izhevsk State Technical University, Russia

Applied Econometrics, 2009, vol. 15, issue 3, 56-71

Abstract: A mathematical model of regional economic system taking in account both the material and human capital is presented. An algorithm of identification of model unknown parameters on the basis of a genetic algorithm with material coding and the Hook-Zeeves method is constructed. Identification and forecast calculations are done on an example of the Udmurt Republic

Keywords: Mathematical model; regional economic system; human capital; Identification of parameters; forecasting (search for similar items in EconPapers)
JEL-codes: C02 R58 (search for similar items in EconPapers)
Date: 2009
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