Studies on Russian Economic Development

, Volume 20, Issue 2, pp 198–205 | Cite as

Vertical balanced forecasting of the Ukrainian economy’s GDP

  • Yu. S. Arkhangel’skii
International Experience


The predicted accuracy of forecasts of Ukraine’s socioeconomic development worked out by its Council of Ministers and research institutions is analyzed. In order to enhance the accuracy of the forecasts, which are currently based primarily on accounting information and expert appraisals, it is proposed to employ an interindustry balance based on the information collected bottom-up: “enterprise — corporations — ministries — Ministry of Economy”.


Forecast Accuracy RUSSIAN Economic Development Accounting Information Economic Management Electric Power Industry 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.


  1. 1.
    B. Ya. Panasyuk, I. Sergienko, and L. Gulyanitskii, “Forecasting the Development of the Ukrainian Economy,” Ekon. Ukrainy, No. 1 (1996).Google Scholar
  2. 2.
    B. Ya. Panasyuk, “The Art of Management — Looking Ahead,” Uryad. Kur’er, Nov. 22 (2006).Google Scholar
  3. 3.
    F. N. Klotsvog and Yu. V. Vasilenko, The Influence of Ukraine’s Foreign Economic Direction on Its Economic Growth (Vneshneekon. svyazi, Moscow, 1998) [in Russian].Google Scholar
  4. 4.
    V. Ne. Mel’nichuk, “Are We Not Dropping a Brick Once Again?” Golos Ukrainy, Sept. 17 (1996).Google Scholar
  5. 5.
    Sectoral Ukrainian Economy Forecasting Models, Ed. By V. M. Geits (Feniks, Kiev, 1999) [In Ukrainian].Google Scholar
  6. 6.
    Yu. S. Arkhangel’skii, “Forecasting Production Output With Macroeconomic Models and a Next-Year Interindustry Balance,” Ekon. Ukrainy, No. 6 (2000).Google Scholar
  7. 7.
    Yu. S. Arkhangel’skii, “Forecasting Economic Sectors’ Output,” Ekon.-Mat. Met., No. 3 (1996).Google Scholar
  8. 8.
    Guidelines for Forecasting Input-Output Table (Interindustry Balance) Indicators (Minekon. Ukraini, Kiev, 2005) [In Ukrainian].Google Scholar
  9. 9.
    V. Kuleshov and V. Marshak, “Modeling Russian Economic Growth,” Vopr. Ekon., No. 12 (2006).Google Scholar
  10. 10.
    “Ukrainian Law On the State Forecasting and Development of Programs of Economic and Social Development of Ukraine,” Vedom. VR Ukrainy, No. 25 (2000).Google Scholar
  11. 11.
    M. Pebro, International Economic, Monetary, and Financial Relations (Progress, Moscow, 1994) [in Russian].Google Scholar
  12. 12.
    V. Nazarenko and G. Shmelev, “Government Policy in the Agrarian Sphere,” Vopr. Ekon., No. 9 (1996).Google Scholar
  13. 13.
    F. N. Klotsvog, The Development and Experimental Calculation of a Macrostructural Model of a Federation Member with Special Reference to the Republic of Tatarstan: A Laboratory’s Scientific Report for 2003 (INP RAN, Moscow, 2003) [in Russian].Google Scholar
  14. 14.
    G. B. Danzig, Linear Programming and Extensions (Progress, Moscow, 1966) [transl. from English].Google Scholar
  15. 15.
    V. Mel’nik, “Lutsk-Made Bearings in the Global Elite,” Uryad. Kur’er, Apr. 3 (2007).Google Scholar
  16. 16.
    “Zaporizhstal is Modernizing,” Uryad. Kur’er, Mar. 27 (2007).Google Scholar
  17. 17.
    I. Kushch, (interv’yu s Ternavskim Yu.) “We are the Trademark of Our Enterprise: An Interview with Yu. Ternavskii,” Golos Ukrainy, Mar. 24 (2007).Google Scholar
  18. 18.
    “Market Planning No Hindrance” Uryad. Kur’er, Mar. 22 (2007).Google Scholar
  19. 19.
    P. Samuelson, Economics, 10th ed. (Tokyo, 1989).Google Scholar
  20. 20.
    V. M. Glushkov, On the Current Planning Procedure in the Gosplan — Ministry System (IK AN USSR, Kiev, 1975) [in Russian].Google Scholar
  21. 21.
    M. T. Matveev, Yu. S. Arkhangel’skii, et al., APCS Models of the Republic’s State Planning Committee (Nauk. dumka, Kiev, 1988) [in Russian].Google Scholar

Copyright information

© Pleiades Publishing, Ltd. 2009

Authors and Affiliations

  • Yu. S. Arkhangel’skii

There are no affiliations available

Personalised recommendations