Methods of Cognitive Analysis in Devising and Substantiating Strategies of Economic Development

V. V. Kuleshov, Arkadij Alekseev and M. A. Yagol’nitser ()
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V. V. Kuleshov: Institute of Economics and Industrial Engineering, Siberian Branch, Russian Academy of Sciences
M. A. Yagol’nitser: Institute of Economics and Industrial Engineering, Siberian Branch, Russian Academy of Sciences

Studies on Russian Economic Development, 2019, vol. 30, issue 2, 185-191

Abstract: Abstract— The article presents a cognitive model for the support of decision-making in pursuing innovation economic policy with regard to the primary and agricultural sectors of the Russian economy. The methodological basis of the approach is the study of a directed graph representing the formalization of a cognitive scheme describing the interaction of many factors in a complex system of socio-economic relations at the level of the national economy. The results obtained by simulation modeling of five scenarios for the economic development of the Russian economy are discussed. The role of innovation and institutional changes and accomodative monetary policy in ensuring sustainable economic growth is shown.

Date: 2019
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DOI: 10.1134/S1075700719020096

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