• ISSN: 2301-3567 (Print), 2972-3981 (Online)
    • Abbreviated Title: J. Econ. Bus. Manag.
    • Frequency: Quarterly
    • DOI: 10.18178/JOEBM
    • Editor-in-Chief: Prof. Eunjin Hwang
    • Executive Editor: Ms. Fiona Chu
    • Abstracting/ Indexing:  CNKI, Google Scholar, Electronic Journals Library, Crossref, Ulrich's Periodicals Directory, MESLibrary, etc.
    • E-mail: joebm.editor@gmail.com
JOEBM 2015 Vol.3(6): 639-647 ISSN: 2301-3567
DOI: 10.7763/JOEBM.2015.V3.258

Parametric Control of Indicators Volatility of the National Economy of Kazakhstan within the Framework of Regional Economic Union

Abdykappar A. Ashimov, Yuriy V. Borovskiy, and Mukhit A. Onalbekov

Abstract—A dynamic stochastic general equilibrium model of Kazakhstan, Belarus and Russia, forming the Customs Union, and the rest of the world has been developed. The estimation of the model parameters has been done on the basis of statistics of Kazakhstan, Belarus, Russia and the rest of the world (in the case of the Organization for Economic Cooperation and Development). Macroeconomic analysis is conducted for effects of shocks on the economic performance of the national economy of Kazakhstan. The problem of minimizing the volatility of macroeconomic indicators of the national economy of Kazakhstan (GDP and inflation) based on the approach of the theory of parametric control has been formulated and solved.

Index Terms—National economy, regional economic union, DSGE model, macroeconomic indicators volatility, parametric control.

The authors are with the Kazakh National Technical University named after K.I. Satpaev, Almaty, 050013, Kazakhstan (e-mail: ashimov37@mail.ru, yuborovskiy@gmail.com, mukhon@list.ru).

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Cite: Abdykappar A. Ashimov, Yuriy V. Borovskiy, and Mukhit A. Onalbekov, "Parametric Control of Indicators Volatility of the National Economy of Kazakhstan within the Framework of Regional Economic Union," Journal of Economics, Business and Management vol. 3, no. 6, pp. 639-647, 2015.

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