• Macrocenter - Macroeconomic Research Center
  • 15/01/2021

The article gives an assessment of the GDP change under different options of integrating the Belarusian economy into the international division of labor based on the developed optimization model using interbranch balance data. The objective related estimates have been calculated for each version of the decision. The results of modeling show that  many years of import substitution policies in Belarus have accumulated a significant potential for improving the efficiency of the economy by reducing the level of protection from imports, attracting the private sector to foreign trade, and reducing administrative control over foreign trade operations.

The article was published in the journal Bankovy Vestnik (No. 3, 2018, pp. 3-9)

Authors: Zlotnikov Leonid, Akulich Uladzimir

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