The Choice of Economic Policy based on Multi-Criteria Optimization

Abdykappar A. Ashimov, Bakhyt T. Sultanov, Yuriy V. Borovskiy, Rakhman A. Alshanov, Nikolay Yu. Borovskiy, and Bakytzhan A. Aisakova


Mathematical modelling, Simulation, Computable general equilibrium model


The work presents results on the choice of effective coherent economic policy in the sphere of economic growth under multi-criteria optimization based on the two computable general equilibrium (CGE) models with common optimization variables. The paper shows application efficiency of the one method of the studied models’ joint parametrical identification: CGE model of economic sectors and CGE model with knowledge sector. We obtained coordinated optimal values of regulated parameters (in sense of the utility function based on the two formulated criterions – average value of GDP and gross value added of innovative sector of economy for the selected time period).

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