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The Influence of the Factor of Savings on the Equation of Equilibrium in Macroeconomics

Journal: Collection of Scientific Works of Kirovohrad National Technical University. Economic Sciences (Vol.26, No. 1)

Publication Date:

Authors : ;

Page : 233-240

Keywords : classical economics theory; Keynesian economics; total revenues; total costs; savings;

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Abstract

The subject of the research is to study the impact factor of saving the equations on economic equilibrium in macroeconomics. The aim is to study the impact factor of saving the equation of macroeconomic equilibrium in the economy that allows you on practice calculate indices system of national accounts with considering the savings in the economy in order to rate the economic situation in the country and adoption of the government making appropriate decisions for sustainable development of the economy. At the research we used a mathematical method, by determining and bringing the additional aggregate (savings) in the equation of macroeconomic equilibrium. The result of the scientific research is a new equalization of equilibrium in macroeconomics with taking into account the factor of savings in economy. This equation is used in practice to calculate indicators of national accounts system. An important factor of influence on macroeconomic processes inside a state is savings. They carry out the double function of total expenditures increase through investment and consumer loans, and as a factor accumulation “dead money” in the form of savings in the hands of the population, in the safes of the enterprises with the purpose of making purchases or other transactions in the future, and is not involved in the economy by means on accounts of financial institutions. In the scientific article it is formulated in a new economic equilibrium equation in macroeconomics taking into account the factor of unused savings.

Last modified: 2017-02-09 21:38:31