IDEAS home Printed from https://ideas.repec.org/a/aiy/jnjaer/v20y2021i1p84-109.html
   My bibliography  Save this article

Assessment of the Balanced Functioning of Hierarchical Socio-Economic Systems

Author

Abstract

Balance is one of the properties of the system, and the problems associated with the assessment of balance, the choice of indicators, methods and tools that allow you to make informed management decisions in this area in the future are still open. The aim of the study is to develop and test a methodology for assessing the balance of the functioning of hierarchical socio-economic systems on the basis of the case of the regions of the Central Federal District of Russia. The hypothesis is that the proposed methodology can be effectively applied to study the balance of complex systems along with existing methods in the framework of a new theory of economic systems. The method consists in the formation of special indicators – the coefficient of harmony and the adjusted index of system balance, which allow us to assess the degree of balance of subsystems within the accepted space-time classification. The first of them takes into account the spread of generalized (integral) performance indicators that characterize the object, environment, process and project subsystems. The second one is the intensity of the relationships between them. The integral indicator is calculated by means of a special procedure for convolution of partial results (actual and normative). The norm is determined by a model of the relationship between performance and significant factor characteristics. The peculiarity of the proposed method is the possibility of its use at different levels of management. It also provides a reasonable comparison of the results of the functioning of various subsystems and elements by eliminating the influence of units of measurement and the scale effect; the mutual influence of the considered elements and subsystems is taken into account; the specific conditions of their operation are taken into account. The case of the regions of the Central Federal District is used to carry out a comparative analysis of the results of assessing the balance of subsystems using the volume of gross domestic product by region by type of economic activity for 2007-2018,. The conclusion is made about the possibility of using, along with the index of system balance, the coefficient of harmony. The practical results of the study can be used by government authorities to make decisions and develop measures aimed at ensuring the sustainable development of the regions of the Central Federal District.

Suggested Citation

  • R.A Zhukov, 2021. "Assessment of the Balanced Functioning of Hierarchical Socio-Economic Systems," Journal of Applied Economic Research, Graduate School of Economics and Management, Ural Federal University, vol. 20(1), pages 84-109.
    • Handle: RePEc:aiy:jnjaer:v:20:y:2021:i:1:p:84-109
    DOI: http://dx.doi.org/10.15826/vestnik.2021.20.1.004
    as

    Download full text from publisher

    File URL: https://journalaer.ru//fileadmin/user_upload/site_15934/2020/04_ZHukov.pdf
    Download Restriction: no
    File URL: https://libkey.io/http://dx.doi.org/10.15826/vestnik.2021.20.1.004?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Sayari, Naz & Sari, Ramazan & Hammoudeh, Shawkat, 2018. "The impact of value added components of GDP and FDI on economic freedom in Europe," Economic Systems, Elsevier, vol. 42(2), pages 282-294.
    2. Wang Zhenhua & Zhang Guangsheng, 2016. "Industrial policy, production efficiency improvement and the Chinese county economic growth," Zbornik radova Ekonomskog fakulteta u Rijeci/Proceedings of Rijeka Faculty of Economics, University of Rijeka, Faculty of Economics and Business, vol. 34(2), pages 505-528.
    3. Paul D. Raskin & Christi Electris & Richard A. Rosen, 2010. "The Century Ahead: Searching for Sustainability," Sustainability, MDPI, vol. 2(8), pages 1-26, August.
    4. Miola, Apollonia & Schiltz, Fritz, 2019. "Measuring sustainable development goals performance: How to monitor policy action in the 2030 Agenda implementation?," Ecological Economics, Elsevier, vol. 164(C), pages 1-1.
    5. Maria Siranova & Marek Radvanský, 2018. "Performance of the Macroeconomic Imbalance Procedure in light of historical experience in the CEE region," Journal of Economic Policy Reform, Taylor & Francis Journals, vol. 21(4), pages 335-352, October.
    6. Shi Yutian & John Hicks & P. K. Basu & Kishor Sharma & Yapa Bandara & Tom Murphy, 2017. "Balancing Act: Adjustment Of China'S Economy To Secure Sustainable Growth," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 62(05), pages 1097-1114, December.
    7. Maria Siranova & Marek Radvanský, 2018. "Performance of the Macroeconomic Imbalance Procedure in light of historical experience in the CEE region," Journal of Economic Policy Reform, Taylor and Francis Journals, vol. 21(4), pages 335-352, October.
    8. Dreyer, Johannes Kabderian & Schmid, Peter Alfons, 2017. "Growth effects of EU and EZ memberships: Empirical findings from the first 15 years of the Euro," Economic Modelling, Elsevier, vol. 67(C), pages 45-54.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. repec:ers:journl:v:xxiv:y:2021:i:special3:p:822-837 is not listed on IDEAS
    2. Tarika Sikarwar & Anivesh Goyal & Harshita Mathur, 2020. "Household Debt, Financial Inclusion, and Economic Growth of India: Is it Alarming for India?," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 10(3), pages 229-248, February.
    3. Ostrihoň, Filip, 2022. "Exploring macroeconomic imbalances through EU Alert Mechanism Reports," European Journal of Political Economy, Elsevier, vol. 75(C).
    4. Gould, David M. & Melecky, Martin & Panterov, Georgi, 2016. "Finance, growth and shared prosperity: Beyond credit deepening," Journal of Policy Modeling, Elsevier, vol. 38(4), pages 737-758.
    5. Siranova, Maria, 2024. "Statistical omissions as the stabilizing factor of net foreign assets in EU countries," International Economics, Elsevier, vol. 178(C).
    6. Sondermann, David & Zorell, Nico, 2019. "A macroeconomic vulnerability model for the euro area," Working Paper Series 2306, European Central Bank.
    7. Roman A. Zhukov & Maria A. Plinskaya & Evgeny V. Manokhin, 2023. "Assessment of the Regions Functioning Based on Production Functions with the Above Cost Factors," Journal of Applied Economic Research, Graduate School of Economics and Management, Ural Federal University, vol. 22(3), pages 657682-6576.
    8. Maria Siranova & Karol Zelenak, 2023. "Every crisis does matter: Comparing the databases of financial crisis events," Review of International Economics, Wiley Blackwell, vol. 31(2), pages 652-686, May.
    9. Krzysztof Biegun & Jacek Karwowski & Piotr Luty, 2021. "How Effective is Macroeconomic Imbalance Procedure (MIP) in Predicting Negative Macroeconomic Phenomena?," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 2), pages 822-837.
    10. Capellán-Pérez, Iñigo & Campos-Celador, Álvaro & Terés-Zubiaga, Jon, 2018. "Renewable Energy Cooperatives as an instrument towards the energy transition in Spain," Energy Policy, Elsevier, vol. 123(C), pages 215-229.
    11. Federico Carril-Caccia & Juliette Milgram-Baleix & Jordi Paniagua, 2019. "Foreign Direct Investment in oil-abundant countries: The role of institutions," PLOS ONE, Public Library of Science, vol. 14(4), pages 1-23, April.
    12. Javier García López & Raffaele Sisto & Javier Benayas & Álvaro de Juanes & Julio Lumbreras & Carlos Mataix, 2021. "Assessment of the Results and Methodology of the Sustainable Development Index for Spanish Cities," Sustainability, MDPI, vol. 13(11), pages 1-29, June.
    13. Hametner, Markus, 2022. "Economics without ecology: How the SDGs fail to align socioeconomic development with environmental sustainability," Ecological Economics, Elsevier, vol. 199(C).
    14. Halkos, George & Argyropoulou, Georgia, 2022. "Using environmental indicators in performance evaluation of sustainable development health goals," Ecological Economics, Elsevier, vol. 192(C).
    15. Aleksey I. Shinkevich & Irina G. Ershova & Farida F. Galimulina & Alla A. Yarlychenko, 2021. "Innovative Mesosystems Algorithm for Sustainable Development Priority Areas Identification in Industry Based on Decision Trees Construction," Mathematics, MDPI, vol. 9(23), pages 1-18, November.
    16. Carmen García-Peña & Moneyba González-Medina & Jose Manuel Diaz-Sarachaga, 2021. "Assessment of the Governance Dimension in the Frame of the 2030 Agenda: Evidence from 100 Spanish Cities," Sustainability, MDPI, vol. 13(10), pages 1-21, May.
    17. Elmar Kriegler & Brian-C O'Neill & Stéphane Hallegatte & Tom Kram & Richard-H Moss & Robert Lempert & Thomas J Wilbanks, 2010. "Socio-economic Scenario Development for Climate Change Analysis," CIRED Working Papers hal-00866437, HAL.
    18. Denise Anselmi & Idiano D’Adamo & Massimo Gastaldi & Ginevra Virginia Lombardi, 2024. "A comparison of economic, environmental and social performance of European countries: a sustainable development goal index," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 26(8), pages 20653-20677, August.
    19. Hideki Kobayashi & Masahiro Kato & Yukishige Maezawa & Kenji Sano, 2011. "An R&D Management Framework for Eco-Technology," Sustainability, MDPI, vol. 3(8), pages 1-20, August.
    20. Weiser, Annika & Bickel, Manuel W. & Kümmerer, Klaus & Lang, Daniel J., 2020. "Towards a more sustainable metal use – Lessons learned from national strategy documents," Resources Policy, Elsevier, vol. 68(C).
    21. Benedetti, Ilaria & Crescenzi, Federico, 2023. "The role of income poverty and inequality indicators at regional level: An evaluation for Italy and Germany," Socio-Economic Planning Sciences, Elsevier, vol. 87(PA).

    More about this item

    Keywords

    socio-economic system; hierarchy; classification; integral indicator; analysis; assessment; harmony coefficient; system balance index;
    All these keywords.

    JEL classification:

    • C10 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - General
    • C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation
    • P25 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Urban, Rural, and Regional Economics
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • R15 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Econometric and Input-Output Models; Other Methods

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aiy:jnjaer:v:20:y:2021:i:1:p:84-109. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Natalia Starodubets (email available below). General contact details of provider: https://edirc.repec.org/data/seurfru.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.