Application of the Samuelson-Hicks model in the conditions of modern economy of Namibia Republic
- Authors: Tregub I.V.1, Gubzhokov A.M.1
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Affiliations:
- Financial University under the Government of the Russian Federation
- Issue: Vol 17, No 2 (2021)
- Pages: 338-343
- Section: Articles
- URL: https://journals.eco-vector.com/2541-8025/article/view/532404
- ID: 532404
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Abstract
This article has analyzed the possibility of using the Samuelson-Hicks macro-econometric model for a closed economy on the example of the Republic of Namibia. The interdependence of indicators such as gross domestic product, consumption, gross government spending, and investment in non-financial assets was examined between 1987 and 2019. In the course of the study, using the tools of regression analysis, estimates of the coefficients of the linear equations of the model were obtained, the premises of the Gauss-Markov theorem were tested, the adequacy of the classical model was checked, and individual equations of the model were modified in order to ensure the predictive capabilities of the model using the example of the national economy of the Republic of Namibia.
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About the authors
Ilona V. Tregub
Financial University under the Government of the Russian Federation
Email: ilonavl_fa@mail.ru
Dr. Sci. (Econ.), Professor of the Department of Mathematics Moscow, Russian Federation
Anuar M. Gubzhokov
Financial University under the Government of the Russian Federation
Email: a-gubzhokov@mail.com
Moscow, Russian Federation
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