VESTNIK
Bashkirskogo universiteta

RUSSIAN
ISSN 1998-4812

Archive | Volume 20, 2015, No. 3.

THE USE OF THE LEONTIEF INTER-INDUSTRY BALANCE MODEL IN FORECASTING

Vestnik Bashkirskogo Universiteta. 2015. Vol. 20. No. 3. Pp. 927-932.
Rizvanova M. A.
State University of Economics and Service
145 Chernyshevsky St., 450000 Ufa, Republic of Bashkortostan, Russia.
Email: rizvanovamaria@mail.ru

Abstract

The author considers in the article the model of inter-industry balance (IIB) as applied for a special analysis of microeconomic balance of human resources of society and the volume of product output, production and distribution of main funds. Interindustry balance allows one to analyze interdependence of prices in macro-economy, to evaluate material and labour costs, to find added cost. The article is topical due to analysis of the method of input-output, which gives information unobtainable using other methods and models of macroeconomic analysis. The Leontief model is specific because the number of basic material and cost flows of national economy is not restricted, everything depends on the volume of information and required calculation means. Inter-industry balance of production and distribution of national product is made in many countries of the world, and it enables to evaluate the road covered by economy and forecast its development as well as immense scales of using the input-output techniques, to determine its pluses and minuses.

Keywords

  • • economic and mathematical model
  • • inter-industry balance
  • • input-output method

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