Fundamental Advantages of System-Structural Methodical Instruments for Elaborating Strategies for Development

Assen Kovatchev

Economic Thought journal, 2010, issue 7, 87-96

Abstract: The paper presents twelve fundamental advantages of the system-structural approach – as an alternative to the applied structure-indifferent approach (the latter is based on the inadequate premise “under equal other conditions”) when working out development strategies. The suggested approach is brought to acting methodical instruments (algorithm) in the form of iterative procedure. It is applicable only for the open production systems with compensation retroactions. The multiplicative effects and the action of the automatic stabilizers are realized with maintaining the dynamically changing balancing between desired results and resources needed.

JEL-codes: C82 O21 (search for similar items in EconPapers)
Date: 2010
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