CGE SIMULATION OF FIXED INVESTMENTS IN THE RUSSIAN ECONOMY
V.M. Gilmundinov1,2,3
1Institute of Economics and Industrial Engineering of the Siberian Branch of the RAS, Lavrentiev ave., 17, Novosibirsk, 630090
2Novosibirsk State Technical University, Karl Marx ave., 20, Novosibirsk, Novosibirsk region, 630073
3Novosibirsk State University, Pirogova ave., 2, Novosibirsk region, 630090
Keywords: инвестиции в основной капитал, модель общего равновесия, степень загрузки производственных мощностей, функция Кобба-Дугласа, экономика России, fixed investments, general equilibrium, capacity utilization degree, Cobb-Douglas function, the Russian economy
Abstract
This paper is concerned with issues of CGE simulating of fixed capital investments which arise with extension of general equilibrium input-output model of the Russian economy. Suggested approach allows considering connections between such key macroeconomic indicators as exchange rate, interest rate, inflation, fixed capital investment and total output growth rates. It is based on building and estimation of a function of production with variable degree of fixed capital utilization. Estimations of dynamic of fixed capital utilization degree for the Russian economy and its influence on dynamic of fixed capital investments are suggested in the paper.
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