A NEW PERSPECTIVE ON THE ANALYSIS OF WORLD TRADE AND GLOBAL ECONOMY
We formulate the necessary and sufficient conditions that provide full clearing of markets within our world trade model. We describe equilibrium states with excess supply and propose an algorithm for finding the equilibrium state with the lowest excess supply by solving a certain quadratic programming problem. Based on the demand structure, we propose an algorithm for constructing a supply structure in which international trade is fair. The trade between the G20 countries is analyzed using the constructed model of world trade. Keywords: world trade, market clearing, economic equilibrium, quadratic programming, ideal equilibrium.
Authors
- A. P. Makhort
- Wolodymyr Hlib Kozyrski (ORCID: https://orcid.org/0000-0002-8969-3928)
- Olena Dovzhyk (ORCID: https://orcid.org/0000-0003-4098-1192)
- N. S. Gonchar (ORCID: https://orcid.org/0000-0003-0954-8948)
- A. S. Zhohin
Publication Details
- Journal
- Kibernetyka ta Systemnyi Analiz
- Published
- 2025-01-01
- DOI
- https://doi.org/10.34229/kca2522-9664.25.3.8
- Primary Topic
- Global trade and economics
- Type
- article
- Field-Weighted Citation Impact
- 0.00