Neapibrėžtumo ir rizikos samprata ekonomikoje

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Document Type:
Straipsnis / Article
Lietuvių kalba / Lithuanian
Neapibrėžtumo ir rizikos samprata ekonomikoje
Alternative Title:
Conception of uncertainty and risk in economy
In the Journal:
Ekonomika. 2003, t. 62, p. 63-81
Egalitarizmas; Ekonomika; Fatalizmas; Holizmas; Individualizmas; Neapibrėžtumas; Rizika.
Economy; Egalitarianism; Fatalism; Holism; Individualism; Risk; Uncertainty.
Summary / Abstract:

LTStraipsnyje nagrinėjami ekonominių procesų neapibrėžtumo ir rizikos teoriniai ir praktiniai aspektai siekiant atskleisti ekonominės filosofijos ideologijų - individualizmo, egalitarizmo, fatalizmo ir holizmo daromą įtaką neapibrėžtumo ir rizikos suvokimui, ištirti neapibrėžtumo ir rizikos sampratos kitimą pasaulinėje ekonominėje mintyje pradedant A. Smithu ir baigiant šiuolaikinėmis ekonominėmis teorijomis bei išanalizuoti, kokią įtaką lūkesčių ir refleksyvumo reiškiniai daro neapibrėžtumo mažinimui ir rizikos išmatuojamumui, vertinant refleksyvumo ir lūkesčių vaidmenį Lietuvos ekonomikoje. Tyrimams taikyta mokslinės literatūros analizė ir sintezė, pramonės gamybos apimties pasikeitimų balansų ir produkcijos gamybos prognozės balansų statistikos duomenų grupavimas ir analizė. [Iš leidinio]

ENIn every step of our life we face with uncertainty and risk. There arc two sectors in the society - institutionalised and uninstitutionalised. The purpose of the institutionalised sector that embodies state, government and industry, is to reduce the level of risk and uncertainty, while the purpose of the uninstitutionalised sector that embodies individuals is to balance between awards and losses for taking risk. The understanding of economic risk depends on the ideology that varies from total ignorance of government for individualism and total ignorance of the market forces for holism. For understanding and knowledge of risk we have to turn into economic science, that has cvolutionarily identified such risk and uncertainty factors as stable moral standards, time, space (related with globalisation and consolidation), new technologies and expectations. The latter is the main obstacle to reduce uncertainty and measure risk, as it creates the phenomenon of reflectivity - i.e. when our thinking affects actual results and actual results affects thinking. Reflectivity itself causes a higher level of uncertainty and it worsens a mcasurability of risk. The author proposes an elasticity of expectations as a measure of reflectivity. The measure of elasticity of expectations shows how expectations react to a change in actual results. The closer the measure is to zero, the lower the reflectivity is. If expectations correspond to actual results the economy is in equilibrium. Particularly the phenomenon of reflectivity is applicable to financial markets that are dominated by speculative capital flows.The speculative capital leads to instability in the markets and may be the reason of economic crisis. Thus the perception that the role of government in the market regulation has to be strengthened becomes stronger and stronger in the world. After making a research of matching expectations and actual results in the industrial output one can state 'hat the Lithuanian industry that represents the real sector is in a dynamic equilibrium after 2000, as actual results quite strongly correlate with expectations. Values of the measure of elasticity of expectations arc mostly close to zero, thus the reflectivity is quite low and risk is measurable as well as future can be forecasted more exactly. Certainly it is only an assumption as the future is unknowable. Financial sector in Lithuania cannot be characterised as very reflective as Lithuanian financial markets related with speculative capital, i.e. shares and derivatives, is very weak. The reduction of risk can be achieved via insurance, avoidance of risky activities and diversification. [From the publication]

1392-1258; 2424-6166
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2018-12-17 11:13:52
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