Modification of the regional Solow model for the developing control of the districts of the subsidized region using the example of the Republic of Kalmykia
Abstract
Modification of the regional Solow model for the developing control of the districts of the subsidized region using the example of the Republic of Kalmykia
Incoming article date: 18.12.2024In the article a modification of the socio-ecological-economic model of regions within a macroregion to a network model of districts within a subsidized region is built, taking into account the distances between them that affect the economic relationships of the regions. Structural identification of the model parameters is carried out using the example of data from the Republic of Kalmykia of the Russian Federation. The aim of the research is to build the region hierarchy model to analyse that control the district developing to maximize gross regional product. To do this, some relations of the Solow model were reconsidered and some functions were rebuilt including birth and death coefficients. The influence on gross regional product of Innovative index was also investigated and the value of Republic of Kalmykia is found. Network structure taking into account distances between the districtd is included into the model.
Keywords: network model, structural identification of parameters, subsidized region, payoff functions, economic interrelations of regions, birth rate, death rate, innovation index, fixed assets, labor force, final product, gross regional product