Statistical Modeling of the Large Open Economy of the U.S.
Journal Title: Статистика України - Year 2017, Vol 77, Issue 2
Abstract
The open economy phenomenon draws close attention of researchers in the era of global economy and trans-nationalization of international economic relations. Along with strong impact on international market and global interest rate, such economies are capable to have significant effects for global conjuncture and determine global factors of economic development. Main sources of strength of the American economy are analyzed (rich natural and human resources, strong relations with permanent and reliable trade partners and neighboring countries, the largest financial system and the most reliable world currency). It is argued that large companies accounting for a major part of the total foreign direct investment of the U.S. are the fundament for the American economy and the main conduit of the country’s economic and political interests. Selected macroeconomic indicators of the U.S. are analyzed, to make economic diagnostics of the current performance of the American economy The statistical multifactor regression model built by the method of least squares is proposed. Results of the analysis demonstrate negative statistical impact of unemployment and increasing energy dependence on GDP by PPP, and positive statistical impact of household consumption on future development of the American economy It is argued that given the difficult political and economic situation in Ukraine, scientists should examine best practices of leading countries of the world in issues of economic balancing and sources of economic growth, to elaborate reasonable recommendations with due consideration to national specifics. The American economy is a good example of market model operation in 21 century.
Authors and Affiliations
О. М. Simachova
Keywords
Related Articles
- EP ID EP564092
- DOI 10.31767/su.2(77).2017.02.03
- Views 158
- Downloads 0
Методологічні засади обліку нематеріальних активів з погляду національних та міжнародних стандартів
Розглянуто базові облікові позиції, що впливають на методологічні засади обліково-звітного узагальнення інформації про нематеріальні активи, у такому складі: визначення об’єкта обліку; спосіб ідентифікації; реагування на...
Budget Interests in the System of Economic Security of the State
The necessity of intensification of research studies in the sphere of economic security of the state appears in Ukraine under the condition of the development of market relations. In this case, instruments of the improve...
Statistical Evaluation of Households Activities in the Agricultural Sector: Contradictions and Ways to Overcome Them
The role and importance of the households’ participation in the agricultural sector in Ukraine are analyzed by use of retrospective time series. Effects of agrarian and land reforms on the development of agricultural sec...
Анализ ценовых отклонений с целью аудита трансфертных цен в контролируемых операциях импорта
Статья посвящена детальному анализу отклонений в цене, которые могут возникать случайно или формироваться руководством предприятия сознательно при осуществлении контролируемых операций импорта. Определено экономически уп...
Constructing a Set of Indicators for Performance Assessment in Higher Education Establishments
The current phase of the socio-economic development in Ukraine is marked by the transformation in the national higher education system in order to harmonize it with international standards. These standards are based on t...