System Approach to Determining the Relationship of Monetisation, Capitalisation and Socialisation of the National Economy

Abstract: The article deals with the logic of socioeconomic development within the framework of the determination of extended and restricted reproduction of the processes of monetisation, capitalisation and socialisation. A system approach, with the application of basic methodologies of the economic and mathematical modelling, is used to discuss the interrelation of the above-mentioned processes and to study the general functional dependence of specific structures of the processes of monetisation, capitalisation, and socialisation on the time factor which determines the necessity of including lag structures in the study of the interrelation. The article comprises a conclusion concerning the determination of the aggregated structures of the above-mentioned processes, that is also confirmed by econometric testing of the value of behavioural equations of models. As a result the general representation of a synthesized forecasting model of the dependence of the processes of monetisation, capitalisation, and socialisation on the corresponding specific structures of capitalisation and socialisation, monetisation and socialisation, as well as monetisation and capitalisation is determine