Simulation of Stable Functioning of the Mechanism of Supply and Demand in the Labor Market in Ukraine
Journal Title: Бізнес Інформ - Year 2015, Vol 12, Issue 0
Abstract
The article is aimed at studying the labor market and the conditions for stable function of the mechanism of supply and demand. A model that has been built for the study purposes uses the mathematical tools of difference equations with Markov coefficients. Using the method of moments equations, stability conditions have been determined in the average of probabilistic characteristics that describe the labor market. A model of structural transformation in the labor market, based on the method of total entropy, has been analyzed. A comparative characterization of results has been accomplished for both the method of total entropy method and the method of moments equations, proposed in the article. It is obtained that the conditions of system stability and the conditions of stationary states in the study of the above methods are the same, but the method proposed in the publication is more convenient and allows to take into account the influence of random factors on the system in a state of uncertainty. It has been determined that stationary mode of functioning of labor market is observed with balanced supply and demand of labor. Prospects for further research in this area is application of the method of moments equations for the study of multidisciplinary economic models of labor market that requires serious mathematical calculations.
Authors and Affiliations
Oleksandra Babyniuk
Keywords
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