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ECO journal (ECOnomics and industrial Engineering)

2018 year, number 10

Prospects for the Development of the Economy of the Republic of Buryatia

A. O. Baranov1,2, Z. B.-D. Dondokov3, V. N. Pavlov1, V. I. Suslov1,2
1Institute of Economics and Industrial Engineering SB RAS
2Novosibirsk State University
3Buryatia Scientific Center SB RAS
Keywords: анализ и прогнозирование экономики региона, Республика Бурятия, динамические межотраслевые модели, Analysis and forecasting of the regional economy, Republic of Buryatia, dynamic input-output models

Abstract

The article analyzes the development of the economy of the Republic of Buryatia in 2007-2017. Next, the results of forecast calculations of the development of the republic for the period up to 2021 are presented and analyzed in two versions - basicand optimistic. Forecast calculations were performed using the dynamic input- output model of the economy of the Republic of Buryatia with fuzzy parameters developedby the authors. The paper shows that under favorable macroeconomic conditions anda sharp increase in investment in fixed assets, a significant acceleration of economicgrowth in Buryatia is possible. Specific projects that will accelerate economic growthin the republic are discussed.