Modelling crediting volume by using the system dynamic method

Skribans, Valerijs (2009): Modelling crediting volume by using the system dynamic method. Published in: Humanities and social sciences: Latvia No. 4(57)/2008 (26 January 2009): pp. 114-123.

Abstract

This paper describes a system dynamic model of credit burden, and it provides an estimation of credit volume. The elaborated model calculates and estimates household budget balance and budget forming flows: income and expenditures, loan and interest payments, increase in budget balance depending on the amount of the granted loan and the costs associated with the purchase of the loan object. The elaborated model can also be applied in analysis of the national economy and in entrepreneurship. The paper presents a method for determining the amount of the loan for purchasing a flat for a household. It also provides modeling results of Latvia’s credit system and conclusions regarding its further development.

• Item Type: MPRA Paper
• Language: English
• Keywords: system dynamic, model, credit burden
• Subjects: C - Mathematical and Quantitative Methods > C5 - Econometric Modeling > C50 - General; H - Public Economics > H3 - Fiscal Policies and Behavior of Economic Agents > H31 - Household

References

Skribans, V., Počs, R. (2008). Latvijas būvniecības nozares attīstības prognozēšanas modelis. Rīga: RTU, 110 pp. In Latvian.

Ieviņa, I., Meļņikova, J., Rozīte K. (2007). “Dinamiskais optimizācijas modelis Latvijas darba tirgus ilgtermiņa līdzsvarošanas prognozēšanai.” LU Raksti. 717. sēj. Vadības zinātne. Rīga: LU Akadēmiskais apgāds. In Latvian.

Sterman, J. (2000). Business Dynamics: Systems Thinking and Modeling for a Complex World. New York: Irwin/McGraw-Hill, 982 pp.

Ф"##$%&$#, Д. (2003). М$&'-а7 9$:а<$>а. М"%69а: АСТ, 379 c. In Russian.

Kalniņš, J.R., Skribans, V., Ozoliņš, G., Bardačenko, V. (2007). Latvijas lauksaimniecības nozares un zinātnes attīstības stratēģijas izstrādes modelēšanas grupas atskaite. LR Zemkopības ministrija, 48 lpp. In Latvian.