Econometrics model of efficient functioning of agricultural production

Abstract

Objective: to estimate and reveal the macroeconomic indicators of agriculture development which influence the country’s economic growth. Methods: economic-statistical and economic-mathematical methods. Results: Basing on the model of pairwise regression, the estimation is made of the influence of federal budget on the value of economic growth. Scientific novelty: The technique is proposed to estimate and reveal the economic growth reserves by comparing the actual and calculated values of the GDP efficient indicators per capita depending on the federal budget expenditures for agriculture development. Practical value: The possibility to qualitatively and quantitatively estimate the influence of macroeconomic indicators on economic growth by using economic-mathematical methods.