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Economic-Mathematical Models for Studying of Mesolevel of Economy

Economic-Mathematical Models for Studying of Mesolevel of Economy

Journal of Institutional Studies, , Vol. 9 (no. 3),

The review of a number of the mathematical models applied to the description and analysis of mesolevel of economy is presented in article. The criteria for assigning models to a class of meso-level models that distinguish them from purely microeconomic or macroeconomic models are proposed. Examples of the use of mathematical models in the literature on mesoeconomics are given. The some classical models like input–output model of Leontief, or, for example, game theory, and rather new models using a mathematical apparatus of systems of nonlinear mappings or the differential equations, diverse simulation models, can be considered as models of mesolevel. Just as development of nonlinear physics has led to a possibility of the description of multi-scale self-organizing structures, the mesolarge-scale level of economy understood as set of the subsystems evolving, interacting among themselves, competing and cooperating generating the emergent phenomena like the increasing return, the hyperbolic growth or self-organized criticality can be appropriate to describe by means of models of econophysics and use of the principles of synergetrics. Also discussed are the prospects for the development of meso-level models and the problem of the conventionality of separating the levels of the economy, due, for example, to signs of scale invariance in some socio-economic systems.

Keywords: mesoeconomics; mesolevel of economy; game theory; econophysics; simulation modeling; production functions; scale invariance

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