Macroeconomic analysis and parametric control based on computable general equilibrium model of the regional economic union

Abstract

The paper describes a proposed mathematical model of the regional economic union. The model relates to a class of computable general equilibrium models (CGE models). There are given results of parametric identification and verification of the model. There are also described setting and solving of parametric control problems on evaluation of economic policy tools at the level of single countries and the economic union based on a verified model. It has been shown that the problem solution for estimating optimal values of the tools at the level of the regional economic union is rational than one at the level of single countries.