Accounting Analysis on Eurasian Countries by Applying the Edgeworth’s Box

Miguel Angel Pérez-Benedito ()
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Miguel Angel Pérez-Benedito: Valencia University, Spain

Eurasian Journal of Economics and Finance, 2021, vol. 9, issue 4, 205-216

Abstract: Accounting systems record transactions of goods, services, and products exchanged between units of activities in an economy. The exchanges made are also exchanges of valuations between the accounts as parts and counterparts of their accounting record. The national accounts systems report the activity carried out by a nation in a period, and the financial statements are a synthesis of the decision-making adopted. The paper analyzes the Eurasian economies by showing their accounting equilibria in an Edgeworth box. The measurement of their positions explains the level of risk adopted in a period, which can be transmitted visually to those who participate in the development of a common project. The analysis justifies that the financing of an economy must maintain a productive capacity to obtain a monetary saving greater than the economic result of the period. This criterion indicates whether the activity carried out is a position of growth, risk, or migration. According to the explanatory level of the economic and financial behavior of analyzed economies, the Edgeworth box has become the laboratory of the research developed in the paper, and accounting is considered a positive science of the social sciences.

Keywords: Accounting Methodology; Edgeworth’s Box; Eurasian Economy; Abstraction-Reality (search for similar items in EconPapers)
Date: 2021
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