On the use of production function for simulation functioning of regional economy

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The article presents the results of the construction of the neoclassical CES and the VES production function, describing the functions-conditioning system of regional economic Khanty-Mansiysk Autonomous Area - Yugra. Production functions are an important element of a sufficiently large number of regional development models and make it possible not only in the explicit functional form to describe the behavior of economic region, but also to carry out a quantitative analysis of its effectiveness, is-using collateral settlement and analytical apparatus. Neoclassical production functions such as CES-function is most often used to describe the functioning of various economic systems, including the regional economic system. The use of the neoclassical production functions such as VES - function to solve this problem meets is extremely rare. The production of both types of functions have been presented in the form of a classic two-factor, but given the current trends in this area as the cost factors considered economic system used by the economic indicators that are different from the canonical-ray. To construct production functions used statistical-parameter data describing the socio-economic condition of the Khanty-Mansiysk Autonomous Area - Yugra, published in the public press-minute.

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Regional economic system, regional development, gross regional product, production function, variable elasticity of substitution of capital for labor

Короткий адрес: https://sciup.org/147155231

IDR: 147155231   |   DOI: 10.14529/ctcr170410

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