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The SONA Project: A New Set of Innovations Indicators to Measure Efficiency of Managerial Economics in Developing Countries

The paper presented the analyses of one of the enigmas as set forth by the managerial economics. In analysing it, the paper formulated ways of resolving the enigma. The paper developed the theorem, which uncovered the essence of the two-dimensional measuring the indicators of the balanced economic growth in a developing economy. The outcomes of the analyses, carried out by the study, are expected to put a halt to the ineffective and inefficient use of natural material, capital and labour resources in any given developing economy. To that end, the results of the analyses will help open up the path leading to the effective green economy and will help maximize on the cost saving in the use of natural resources. The findings of the analyses will contribute to the development of the managerial economics and will be essential assets in measuring the balanced economic growth in developing countries. The novice of the paper is that the solution to the problem set as explained in this paper has ever been uncovered before.

Efficiency in the Economics of Management and Ways to Improve it

The present paper reflects the outcomes of the in-depth analysis relating to the development of the economic analyses indicators to assess growth at different levels of the process of innovations in a national economy. It presents a new model of market equilibrium, which has been designed to restore a balance between the levels of production, employment, income and prices. Specifically, the paper developed a theorem, which has built on the set of the innovations indicators to measure growth in innovations in the development of national economies of world’s developing countries. The novice of the paper is in its justification of the qualitative theory of money as the core basis for assessing economic changes in the growth of innovations under the realities of the globalized world economy. The prime contribution of the study is that it puts a halt to the inefficient and ineffective utilization of natural, material, capital and labor resources. Moreover, it opens up an undisturbed path to the development of green economy thereby leading to the sustainable economic development that saves capital, labor, and environmentally-friendly resources.

Mamytbekov E

Papers

The SONA Project: A New Set of Innovations Indicators to Measure Efficiency of Managerial Economics in Developing Countries