Using linear equations to model and analyze economic phenomena such as supply, demand, and economic balance.
الكلمات المفتاحية:
Linear equations, demand and supply, economic balance, general equilibrium model, input-output analysis, price elasticity, sectoral interdependencies, economic policy, sensitivity analysis..الملخص
This research investigates the software of linear equations in modeling and reading monetary phenomena, particularly focusing on supply, call for, and economic stability across various sectors. Utilizing national earnings, trade, and sectoral data, the look at estimates linear demand and deliver features and employs a widespread equilibrium version to discover interdependencies among sectors which includes agriculture and industry. Additionally, an input-output model is used to evaluate the effect of adjustments in very last demand on general output requirements throughout the economy. The effects display that markets with higher fee elasticity are extra touchy to external shocks, and modifications in one sector can significantly have an effect on others because of sectoral interdependencies. Sensitivity analyses highlight the significance of income and production factors in shaping market consequences. The findings have important implications for financial coverage, suggesting that centered interventions and careful attention of intersectoral results are crucial for stabilizing markets and selling economic increase. Future studies is suggested to discover the integration of linear fashions with extra superior strategies, such as nonlinear models or computable standard equilibrium fashions, to seize the complexities of modern-day economies.
التنزيلات
المراجع
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